ADD ANI AS A TRUSTED SOURCE
googleads
Menu
Business

All conditions for resolution plan must be met to bail out Jet Airways: SBI

Mumbai (Maharashtra) [India], Mar 9 (ANI): State Bank of India (SBI) Chairman Rajnish Kumar said on Saturday that the comprehensive resolution plan to bail out Jet Airways will be implemented if all conditions by all stakeholders are met.

ANI Mar 09, 2019 17:00 IST googleads

SBI Chairman Rajnish Kumar talking to media persons in Mumbai on Saturday. Photo/ANI

Mumbai (Maharashtra) [India], Mar 9 (ANI): State Bank of India (SBI) Chairman Rajnish Kumar said on Saturday that the comprehensive resolution plan to bail out Jet Airways will be implemented if all conditions by all stakeholders are met.
"Whatever is the resolution plan, it will be implemented if all the conditions by all the stakeholders--be it Naresh Goyal, Etihad or the lenders--are met," he said while talking to media persons here.
Kumar said it is not a simple resolution plan and necessary approvals by the government will be required to put the ailing airline back on the track.
The cash-strapped airline has reportedly pledged its fixed deposits worth Rs 1,500 crore with the SBI to borrow Rs 225 crore. (ANI)

Get the App

What to Read Next

Business

Multimodal Logistics Emerging as Key to India's Supply Chain

Multimodal Logistics Emerging as Key to India's Supply Chain

Mumbai (Maharashtra) [India], March 11: Multimodal logistics the coordinated use of multiple transport modes under a single logistics plan is increasingly becoming a cornerstone of India's strategy to enhance supply chain efficiency and strengthen economic competitiveness. As the country continues to expand its manufacturing capacity and trade networks, the ability to seamlessly integrate road, rail, ports, and inland waterways is gaining importance.

Read More
Business

Despite market weakness, resilient SIP inflows support MF growth

Despite market weakness, resilient SIP inflows support MF growth

Systematic Investment Plan (SIP) inflows continued to remain resilient despite consolidation in Indian stock markets, supporting the overall growth in the mutual fund industry, according to a report by Nuvama.

Read More
Business

PDG Targets USD 5 Billion Debt Raise

PDG Targets USD 5 Billion Debt Raise

Singapore, March 11: Princeton Digital Group (PDG), Asia's leading data center operator, today announced a plan to raise up to USD 5 billion in debt financing this year to fund its contracted capacity across the region.

Read More
Business

Cabinet approves revised Rs 3,630.77 crore plan for Jewar Airport

Cabinet approves revised Rs 3,630.77 crore plan for Jewar Airport

According to the press release by the Cabinet Committee on Economic Affairs, "This 31.42 km long project corridor will provide direct and high-speed connectivity from South Delhi, Faridabad and Gurugram to Jewar International Airport, thereby promoting economic growth and logistics efficiency across the National Capital Region (NCR)." The corridor intersects the Eastern Peripheral Expressway, Yamuna Expressway, and Dedicated Freight Corridor (DFC), which enables multimodal transport convergence.

Read More
Business

Turkcell and ZTE/Netaş Collaborate on Next-Generation Superbox

Turkcell and ZTE/Netaş Collaborate on Next-Generation Superbox

Istanbul [Turkey], March 10: Turkcell and ZTE/Netas have signed a new collaboration agreement in the field of fixed wireless access (FWA). Within the scope of this collaboration, ZTE/Netas's next-generation FWA solution, which combines 5G and Wi-Fi 7 technologies, will be positioned within the Turkcell 5G Superbox ecosystem to support Turkcell's broadband vision.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.