Jet Airways receives loan Rs 2050 crore from PNB: Report
11th Mar 2019

Jet Airways has reportedly received a loan from Punjab National Bank (PNB) for worth Rs 2050 crore. The credit has been raised in two trenches through separate agreements with bank. Under one agreement, the company received credit of Rs 1,050 crore, including a non-fund based facility of Rs 700 crore and a term loan worth Rs 350 crore. The second agreement was of credit worth Rs 1,000 crore, including a non-fund based facility of Rs 250 crore and a term loan of Rs 750 crore.

Jet Airways is India’s premier international airline, which operates flights to India and overseas. The company’s robust domestic India network spans the length and breadth of the country covering metro cities, state capitals and emerging destinations.