Jet Airways is in preliminary talk with State Bank of India (SBI) for raising short-term loans worth Rs 15 billion. The company is looking to use these funds to meet its working capital requirement as well as for meeting some payment obligations. Etihad Airway’s is expected to provide guarantee for the loan.
Jet Airways is India’s premier international airline, which operates flights to India and overseas. The company’s robust domestic India network spans the length and breadth of the country covering metro cities, state capitals and emerging destinations.