Jet Airways, the country’s premier international airline is planning to sell three of its airbus A330 aircraft. The company is looking at refinancing high-cost rupee debt. The company’s consolidated debt as on March 31, 2014 stood at Rs 10,576 crore.
The private carrier posted its highest-ever net loss of Rs 2,154 crore in the fourth quarter ended March 31, impacted by higher operating expenditure and exceptional costs. The country’s second largest carrier had reported a net loss of Rs 496 crore during the same quarter a year ago.
Jet Airways currently operates a fleet of 112 aircraft, which include 10 Boeing 777-300 ER aircraft, 8 Airbus A330-200 aircraft, 4 Airbus A330-300 aircraft, 72 next generations Boeing 737-700/800/900/900 ER aircraft and 15 ATR 72-500 and 3 ATR72-600.
