Jet Airways in talks with lenders for $180 million loan: Report

01 Jul 2016

Jet Airways is reportedly in talks with banks to raise up to $180 million through a loan. The company was last in the market in December 2014, when it borrowed $150 million from banks over a five-year period for general corporate purposes.

The lead arrangers that time were Bahrain's Ahli United Bank and Arab Banking Corporation, as well as United Arab Emirates lenders Mashreq, Abu Dhabi Commercial Bank and Commercial Bank International.

The airline, partly-owned by Abu Dhabi's Etihad Airways, last month reported its first annual profit since 2007. The company reported a net profit of Rs 12.12 billion ($180 million) in the year ended March 31.


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