Jet Airways to raise long term finance up to $300 million

08 Nov 2014

Jet Airways (India) has received an approval for raising of long term finance in the form of Redeemable Preference Shares and / or Non-Convertible Debentures and/or Loan from Shareholder up to a maximum of $300 million.

The board of directors at their meeting held on November 07, 2014 has approved for the same. The above is however subject to receipt of all regulatory, corporate and such other approvals as may be required.

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.

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