BusinessIndia

Prabhu asks Secy to review Jet Airways row

New Delhi, Apr 12 (IEBusiness) Civil Aviation Minister Suresh Prabhu on Friday directed Secretary Pradeep Singh Kharola to review and take necessary steps in debt–ridden Jet Airways row.

“Directed Secretary @MoCA_GoI to review issues related to #JetAirways. Asked him to take necessary steps to minimise passenger inconvenience and ensure their safety,” Mr Prabhu tweeted.

On Thursday, the saddled airline had suspended its international operations for a day. Besides, it has also cancelled its fights between Kolkata-Mumbai and Kolkata-Guwahati due to operational reasons.

The carrier had grounded its 10 more aircraft due to non-payment of amounts outstanding to lessors under their respective lease agreements.

Presently, the airline is flying with 14 planes. However, any airline requires 20 jets to fly internationally.

The airline has been facing a mountain debt of more than Rs 8,000 crore. On March 25, the airline’s Board had passed a resolution plan to infuse Rs 1500 crore in the Jet Airways for its recovery though it could not be materialized till date.

On April 8, the SBI-led consortium had invited expressions of interest (EoI) to sale maximum 75 per cent stakes of the carrier. The date to submit EoI has been extended to April 12.

Source
via UNI-India
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IE Team

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