Jet Airways not marked as NPA, says PNB chairman Sunil Mehta
New Delhi, May 28 (UNI) Debt-ridden airline Jet Airways was not put in the bracket of Non-Profit Assets (NPA) by the Punjab National Bank, the public lendor said on Tuesday.
"Jet Airways was not marked as the NPA of the bank," PNB chairman Sunil Mehta told reporters on the sidelines of a event here.
Mehta said the entire issue was looked after by the State Bank of India. The PNB has been monitoring the developments closely and was hopeful of coming out positive results.
The cash-strapped airline Jet Airways had been facing a mountain debt of more than Rs 8,500 crore.
The airline had on April 17 suspended all its flight operations temporarily due to lack of funds.
The SBI-led consortium has invited bidding process to put the airline on the roadmap of recovery.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
