Naresh Goyal briefs aviation secretary amid Jet Airways worries

Mumbai : Under fire from regulators and employees for the financial woes engulfing the airline, Jet Airways chairman Naresh Goyal met aviation secretary RN Choubey on Monday in the capital and apprised him of the ongoing crisis.

Goyal, the London-based NRI, had last week told his shareholders that he’s embarrassed and guilty of their losses, later left for London amidst the airlines’ plans to raise funds to come out of the financial airpocket, sources said.

Following its abrupt move to indefinitely defer June quarter earnings announcement on August 9, the aviation ministry had said it was keeping a watch on the developments at the beleaguered airline.

“We will be watching the developments at Jet Airways,” Choubey had said. He was soon to say that the airline did not approach the ministry as it was not bound to do so. “But when airlines are in difficulty, they come to us,” he had said. When contacted the airline confirmed the meeting and also that he left on an overseas business trip.

Carrier has not yet asked for funds: SBI

NEW DELHI: Beleaguered carrier Jet Airways has not yet approached State Bank of India (SBI) for any funds, the chairman of the country’s top bank said on Tuesday.

Jet told staff earlier this month it was running out of money, a source said, but it has denied this and said it is confident of cutting costs and keeping its planes flying.Shares in Jet, India’s biggest full-service carrier, hit a three-year low on Friday after it deferred its earnings report due the previous day. SBI chairman Rajnish Kumar said Jet’s account with the bank is ‘standard’.

Free Press Journal