Banks are likely to infuse fresh funds into cash-strapped Jet Airways provided major shareholders of the airline, including Gulf carrier Etihad Airways, pledge their shares as collateral, sources said.
With the airline unable to get fresh funds, the options are limited now, they added.
The full service carrier is grappling with acute financial woes that has resulted in grounding of a significant number of planes, defaulting on debt repayments
And delay in payment of salaries to pilots and other senior officials.
Founder Chairman Naresh Goyal and his family owns around 52 per cent stake in Jet Airways while Etihad, a strategic partner, has 24 per cent shareholding. The sources said that banks can provide further loans if major stakeholders — Goyal and Etihad — agree to pledge their shares as security.
