ICRA upgrades ratings of Jet Airways’ Lines of Credit

The rating committee of ICRA has after due consideration upgraded the long term rating of Jet Airways for Line of Credit from D to C. Further, the rating committee of ICRA has also upgraded the short term rating of the company for Line of Credit from D to A4.

Jet Airways currently operates a fleet of 113 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.