Mumbai: The crisis hit Jet Airways on Wednesday said a consortium of Indian banks led by State Bank of India (SBI) in consultation with other members and stakeholders is working on a comprehensive resolution plan for restoring its financial health.
The statement from Jet airways came after news report suggested Etihad Airways offered to infuse fresh capital at a heavily discounted rate of Rs 150 per share in the debt- ridden carrier that led to a near 10 per cent fall in the stock on the Bombay Stock Exchange in the intra-day trade. It finally ended the day at Rs 271, down 7.95 per cent.
The airline said that the proposed resolution plan contemplates various options on debt-equity mix, proportion of equity infusion by the various stakeholders and the consequent change in the composition of the company’s board of directors.
