Sources in the know told India Today that the lenders are unlikely to extend any interim funding as of now - they want to weigh the seriousness of bids received for the recently-concluded stake sale before firming up any funding plans.
Unconfirmed reports said that Jet Airways which held a board meeting on Monday requested the release of at least Rs 400 crore from lenders. "SBI is working on the emergency funding, everything is under discussion, nothing is finalised".
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Since the March 25 resolution to infuse Rs 1,500 crore into the airline is yet to fructify, the once leading airline has been defaulting on payments, forcing its lessors to retake nearly all its planes and was operating just about six planes as of Tuesday.
The airline is now operating only five planes from 123 aircraft in the fleet till last December.
Jet Airways to suspend operations from Wednesday midnight
Once deregistered, lessors are free to reclaim a plane and lease it to another airline. SBI did not immediately respond to a request for comment.
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The incident took place on November 7, 2018, on Bayberry Drive near Highway 401 and Winston Churchill Boulevard in Mississauga. This week, police released video footage of the suspect at the victim's door in the hope that the person could be identified.
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The accident occurred early in the morning before Fordham's annual Spring Preview event for admitted students. Reports added that Monfries had hailed from Portland, Oregon, before attending the school.
Prabhu's fresh orders came a day after the cash-strapped airlines suspended all its worldwide flights till April 18.
On Monday, SBI said the bid process for the orderly sale of equity in Jet Airways is now being run by SBI Caps and is being vetted by the legal team and the prospective bidders will be shortlisted by SBI Caps shortly.SBI spokesperson Monday also said, "The bid process for the orderly sale of equity in Jet Airways is now being run by SBI Caps and is being vetted by the legal team".
Jet Airways has a debt burden of more than Rs 8,000 crore.
The airline's CEO Vinay Dube on Monday wrote to staff saying the management would seek guidance from the board on the next steps. "We will keep you updated on all critical developments", he added.
On the traded volume front, 48.67 lakh shares of the company were traded on the BSE and over five crore shares on the NSE during the day.