SBI Nod Sought For Employees' Group To Bid For Jet Airways Management Control

Sensing that the options to revive the grounded Jet Airways are fast running out, a group of airline employees has written to SBI seeking permission to allow a consortium of employees and external investors to bid for the company's management control. The employee representatives have said they will secure an investment of up to Rs 3,000 crore from "outside investors". The associations that have sent the proposal are the Society for ...