Jet Airways revival: Banks may dial govt-backed wealth fund NIIF this week

This is being seen as a significant step to rescue the grounded Jet Airways

Fresh talks are likely to kick off between the Jet Airways lenders and government-backed wealth fund NIIF this week in an attempt to strike a deal, according to people in the know. This is being seen as a significant step to rescue the grounded Jet, which has lost several top executives, key slots and a large part of its fleet already. 

On reviving talks between the National Investment & Infrastructure Fund (NIIF) and lenders, a source close to the development said a meeting could take place as early as Thursday. ‘’Whether or not the talks will convert into a deal