New obstacle in resurgence of Jet Airways as banks rebuke on funding

  • Lender’s owing money to Jet Airways Ltd, are withstanding a court approved resolution plan, promoting hindrance for the former No. 1 private Airlines to return to the skies
  • The controversy is about whether the new owners of Jet Airways need to pay more money into the pension funds of ex-employees
  • All stakeholders are waiting for fresh guidance from the bankruptcy court
  • Fresh case was filed on this issue of paying more money into the pension funds of former employees
  • Jet Airways call for selection of Airbus SE A220, 737 Max and A320 neo is still pending
  • To date new owner Jalan and Fritsch have spent about $92 million in their attempts to get Jet Airways flying again

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