Jet Airways pilots' union urges SC to direct SBI to release funds

SBI is the lead banker of the consortium of lenders to Jet

The Jet Airways pilots union, the National Aviator’s Guild (NAG), on Tuesday moved Supreme Court with a plea that the banks and lenders should be directed to release the interim funding to Jet Airways, which could help the airline restart operations. 

The NAG has blamed State Bank of India for the airline's collapse. “Had SBI infused the funds as required, Jet could have been sold as a going concern,” the NAG  said.

The union said even the other decisions like allotment of slots, seats under bilateral agreement and de-registering of aircraft and giving them off to other airlines are have