Lessors meet top executives of debt-laden Jet Airways, ask for payment plan

Jet Airways is trying to mop up fresh funds from a consortium of banks led by State Bank of India and strategic partner Etihad Airways

Representatives of aircraft leasing companies met top executives of Jet Airways and senior bankers in Mumbai on Tuesday to seek details on fundraising and commitments on rent payments.

The cash-strapped airline has defaulted on lease rent and other dues to lessors and other vendors, several of whom have served a notice on the airline. A meeting was convened at the State Bank of India headquarters in Mumbai and attended by the Jet management, led by founder-chairman Naresh Goyal, to give assurance to the leasing companies, maintenance repair firms, and other vendors. The meeting takes place in the backdrop of the airline