Jet Airways has deferred interest payments to banks and dues to fuel suppliers, oil marketing companies, and aircraft lessors. Jet Airways spent ₹781.19 crore as remuneration for its employees during the October-December 2018 quarter. Lenders to Jet Airways, led by the State Bank of India (SBI), are seeking investors to recover their dues. Ltd, had on 10 June filed separate insolvency pleas against Jet Airways at NCLT, Mumbai, for recovery of their dues. The plans of the National Aviators Guild to approach the NCLT could further impact lenders’ recoveries from Jet Airways.

Source: Mint June 12, 2019 15:52 UTC