Jet Airways founder Naresh Goyal has penned down an emotional letter to the employees a day after he agreed to step down from the airline's board.

Goyal said he is willing to do whatever it takes to ensure that Jet Airways survives, thrives and dominates the aviation sector, “While a few steps remain, some critical steps are behind us.”

Talking on Bank Led Resolution Plan (BLRP) by lenders, he said it is very critical to the long-term viability and sustainability of Jet Airways.

The BLRP by lenders estimated a funding gap of Rs 8,500 crore (including proposed repayment of aircraft debt of Rs 1,700 crore) to be met by an appropriate mix of equity infusion, debt restructuring, sale and leaseback of aircraft, among other things.

He said to employees, “Appeal for continued support for a little while longer so that we can cross the lines together."

The cash-strapped full-service carrier is looking to rejig debt and raise funds, even as it has been forced to ground more aircraft due to non-payment of dues to lessors.

First Published:Mar 1, 2019 8:49 PM IST