MoneyWorks4Me

Jet Airways raises Rs 698.90 crore through private placement basis

01 Oct 2015 Evaluate

Jet Airways (India) has considered and allotted 6,989 rated, listed, taxable, unsecured, redeemable Non-Convertible Debentures (NCDs) of Rs 10 lakh each for cash at par aggregating to Rs 698.90 crore on private placement basis. The Committee of Directors (duly empowered by the Board) at its meeting held on September 30, 2015 has approved for the same.

Jet Airways Group currently operates a fleet of 116 aircraft, which include a mix of state-of-the-art Boeing 777-300 ERs/Airbus A330-200/300 aircraft, Next Generation Boeing 737s and ATR 72-500/600s, and has one of the youngest fleet in the region with an average of 6.3 years.


Peers
Company Name CMP
Interglobe Aviation 5030.00
SpiceJet 10.18
TAAL Tech 1091.30
Taneja Aerospace 352.45
Global Vectra Helico 138.95
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