INSUBCONTINENT EXCLUSIVE:
Saddled with debt of more than one billion dollars, Jet Airways is struggling to stay afloatJet Airways' Chairman Naresh Goyal told the
airline's pilots on Monday he would need "a further short time" to finalise a rescue deal for the cash-strapped carrier as the process is
complex.In a letter, Mr Goyal said he is "committed to have the process completed as soon as possible and restore much needed stability" to
the airline's operations, and that he would make it a top priority to settle delayed salary payments for pilots and some other staff once
a deal is finalised.He also said that talks for the rescue deal with the airline's biggest shareholder, Etihad Airways, and lenders, led
by State Bank of India (SBI), are ongoing.Saddled with debt of more than one billion dollars, Jet is struggling to stay afloat
It has delayed payments to banks, suppliers, pilots and lessors - some of whom have forced the airline to ground as many as 40 planes.Get
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