Jet Airways seeks â¹5,000 cr loan to pay foreign debt: Report
Jet Airways has reportedly approached an SBI-led consortium to raise â¹5,000 crore in order to pay off part of its foreign debt. The carrier has reportedly offered cash flows from credit card receivables as collateral for the loans. However, SBI Chairman Rajnish Kumar on Tuesday said the bank has not received a formal proposal from the airline for fresh loans.