The board of Jet Airways India Ltd will meet on Wednesday in Mumbai and is likely to discuss the appointment of AK Purwar as the airline's chairman, sources close to the development said.

"Security clearance came only a day before so the matter is likely to be taken up tomorrow," one of the sources said.

AK Purwar is the former chairman of the State Bank of India (SBI), which is the lead bank of the consortium that currently has the majority stake in the airline.

The board will also hold discussions on the operational issues and the current financial situation of the airline, sources said.

>

Jet Airways CEO Vinay Dube writes letter to staff, says paying salary arrears highest priority

The meeting is likely to be held post noon in Mumbai and will be held on the day when all stakeholders will eye the entry of an investor.

The SBI-led consortium of banks invited bids for stake sale in Jet Airways, offering up to 75 percent stake, on April 8 and gave a three-day window to players across the world to participate in the bidding.

So far, no interest has been received but in such situations, bidders are often seen submitting bids closer to the deadline.

Today, the pilots of the airline have already sent a legal notice to the CEO Vinay Dube demanding payment of all pending dues by April 14, failure to which will result in the union resorting to "constitutional and legal" methods available to it.

While the airline said last week that it is flying a total of 26 planes, a couple of these aircraft are known to be on the ground due to maintenance, sources said.

For now, all eyes are now on the outcome of the bidding process tomorrow, which will decide the future course of the airline, operationally and financially.

First Published:Apr 9, 2019 11:31 PM IST