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Jet Airways’ I Ltd Board of Directors to Look into Financial Restructuring Plan DGCA will also Monitoring Jet Airways' Financial Health, Safety Issues

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Jet Airways’ I Ltd Board of Directors to Look into Financial Restructuring Plan DGCA will also Monitoring Jet Airways' Financial Health, Safety Issues 

Jet Airways’ board will meet on Thursday to discuss the next possible steps in its 
fundraising efforts, even as the Airline undergoes a forensic investigation Directed by  its top Lender SBI NSE  - 2.22 % and tries to convince Etihad Airways to invest in it, said two people in the know. 
“The board will take stock of the financial restructuring plans and how far it has progressed,” said a person close to the development. “Etihad’s Directors too will be there.” Abu Dhabi-based Etihad owns 25% The forensic investigation means Jet will not get liquidity assistance from SBI or the lender consortium it is leading until the findings of the probe are tabled. 
“But SBI is playing a constructive role in this scenario, contrary to what may be the perception,” said the person quoted above. 
The ministry of corporate affAirs is also investigating a…

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