The employee representatives have said they will secure an investment of up to ₹3,000 crore from "outside investors". The associations that have sent the proposal are the Society for Welfare of Indian Pilots (SWIP) and the Jet Aircraft Maintenance Engineers Welfare Association (JAMEWA). The associations have promised that employees would contribute towards revival of the airline from their future earnings and increased productivity. Lenders of Jet Airways led by SBI are currently in the process of selling the airline to recover their dues of over ₹8,400 crore. SBI Caps, the merchant banking arm of SBI, is short-listing the investors for submitting the financial proposal by April-end.

Source: Mint April 29, 2019 12:45 UTC