INSUBCONTINENT EXCLUSIVE:
Dube said the management has stressed on the need for urgent funding to lenders
The Jet management said that specific areas that will be impacted if the funds don't come in have been highlighted
attempt to reassure employees, sources told TheIndianSubcontinent, Mr Dube also said the management will work proactively with lenders to
provide all the support required to revive the airline
has sought emergency funds from banks and is currently operating only five planes, reported news agency Press Trust of India on Tuesday
quoting Civil Aviation Secretary Pradeep Singh Kharola
The airline has already suspended its international operations till April 18
Separately, the civil aviation ministry would convene meetings of representatives of airlines and airports on April 18 to discuss capacity
expansion, rising airfares and other issues, said the PTI report.Jet has asked for an emergency funding of Rs 400 crore from lenders
it is awaiting "emergency liquidity support" from the State Bank of India-led consortium of lenders to arrest further deterioration in its
likely to temporarily shut down its operations.Earlier in the day, shares of the debt-laden airline plunged as much as 18.56 per cent on the
BSE after it failed to secure interim funding from the group of lenders led by the State Bank of India
As part of the rescue deal signed last month with the lenders, Jet Airways was supposed to get Rs
1,500 crore interim funding.Meanwhile, Jet Airways founder Naresh Goyal decided not to bid for acquiring a stake in the airline
Mr Goyal along with his wife Anita had stepped down from the airline's board last month.Mr Dube in a statement to employees on Monday said
the interim funding from the lenders was "not forthcoming thus far" and it had to shut its international operations till Thursday.Get the
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