Jet Airways, India’s premier international airline, is reportedly planning to raise $100 million (around Rs 680 crore), in US dollar-denominated debt by March 2017 to refinance rupee-based loans. The company has for several years looked at raising overseas loans, but all of its recent overseas debt deals have been done with the support of Abu Dhabi-based Etihad Airways, which holds 24% stake in Jet Airways. In October 2016, the company received almost Rs 700 crore from a special purpose vehicle created by Etihad in the form of non-convertible debentures, and the funds were used to refinance debt.
Jet Airways is India’s premier international airline which operates flights to 67 destinations, including India and overseas. The company’s robust domestic India network spans the length and breadth of the country covering metro cities, state capitals and emerging destinations
