You are here: Home » Economy & Policy » News
Business Standard

I now look forward to your support and cooperation in saving the airline by an urgent fund infusion of Rs 750 crore by early next week, so that a matching contribution from banks is also disbursed, as

Goyal also said the airline has also secured the go-ahead from the aviation ministry to pledge its shares in JetPrivelege for securing the interim funding

Topics
Funding

Jet Airways chairman Naresh Goyal has sought an urgent funding of Rs 750 crore from its equity partner Etihad, citing "the very precarious" position of the airline following the lingering cash flow issues which got amplified after the forced grounding of over 50 of its planes.

In a letter to the Gulf-based carrier's group chief executive Tony Douglas, Goyal also said the airline has also secured the go-ahead from the aviation ministry to pledge its shares in JetPrivelege for securing the interim funding. The airline holds 49.9 percent stake in the loyalty programme, ...

First Published: Mon, March 11 2019. 17:46 IST
RECOMMENDED FOR YOU


Notice: Undefined property: stdClass::$canonicalUrl in /usr2/unibs/application/modules/article/controllers/ManagerController.php on line 449

Notice: Undefined index: seconddigit in /usr2/unibs/library/Site/Article/Processor.php on line 183

Warning: file_get_contents(/usr2/data/content/bs/article/19/03/119022700003.json): failed to open stream: No such file or directory in /usr2/unibs/application/modules/article/controllers/ManagerController.php on line 1130

Warning: file_get_contents(/usr2/data/content/bs/article/19/03/119020500001.json): failed to open stream: No such file or directory in /usr2/unibs/application/modules/article/controllers/ManagerController.php on line 1130

Warning: file_get_contents(/usr2/data/content/bs/article/19/03/119012300001.json): failed to open stream: No such file or directory in /usr2/unibs/application/modules/article/controllers/ManagerController.php on line 1130