Reportedly a group of Gulf-based NRIs are ready to raise emergency funding to enable debt-ridden and cash-strapped Jet Airways fly again, said a potential investor on Wednesday. Saudi-based Gold Tower Group's Chief Executive Mohammed Nagaman Lateef told: "We are ready to secure emergency funds from NRIs based in Dubai, Saudi Arabia, and Qatar and Gulf investors to meet Jet's operational needs and fly again in 10 days".


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Accordingly, the Dammam-headquartered Gold Tower Group is a major construction firm in the Arabian kingdom. Apparently, the other Gulf-based Indian expats ready to raise fund and invest in the airline are Dubai based Indian Economic Trade Organisation President Asif Iqbal, Saudi-based Icon World and Sandalwood Director Aftab Khan and Aryan Hospitality and Aleef Aviation Chief Executive Mazhar Nawaz, he said.


Moreover, the NRIs are also keen to know why the SBI backed off from giving the airline contingency funds after assuring them, provided Goyal resigned. Lateef said "We are ready to get investors from Qatar and Dubai to bail out Jet from its financial crisis so it could fly high again in the next 240 hours".


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