Turbulence hits Jet Airways
Cash-strapped Jet Airways struggles to stay afloat
It has defaulted on loan payments, delayed payments to vendors, deferred salaries and laid off staff
SBI is the leading lender to Jet Airways, which has a debt burden of Rs 8,000 crore
The carrier’s founder and promoter Naresh Goyal and his wife Anita have quit the board
Lenders decided to take control of the airline and make a fund infusion of Rs 1,500 crore
Lenders have invited an expression of interest for the sale of up to 75 per cent stake in Jet
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