INSUBCONTINENT EXCLUSIVE:
putting Jet Airways into bankruptcy is the "last option" for lenders and that they are making every effort to keep the airline flying."We
believe that it is in everybody's interest that Jet Airways continues to fly," the SBI chairman, Rajnish Kumar, told reporters after a
Airways Could Put 23,000 Jobs At Stake)Mr Kumar said that talks with Abu Dhabi-based carrier Etihad, Jet's largest shareholder, to secure
a rescue deal are ongoing.There is also the possibility of bringing in a new investor, he said
Mr Kumar also said that any decision taken to rescue Jet is a commercial one and is not at the direction of the government.The 25-year-old
airline has defaulted on loans after racking up over $1 billion in debt, and owes money to banks, suppliers, pilots and lessors - some of
whom have started terminating their lease deals with the carrier.The government has asked state-run banks to rescue Jet Airways without
pushing it into bankruptcy, two people within the administration have told Reuters.Get the latest election news, live updates and election
schedule for Lok Sabha Elections 2019 on TheIndianSubcontinent.com/elections
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