Jet Airways eyes to raise capital for expansion plans

11 Jul 2017

In order to fund fleet induction and expansion plans, Jet Airways is looking to raise capital. In this regard, the company has ordered 75 Boeing 737 Max and is negotiating for additional 75 planes of the same type. The airline had also ordered Boeing 787-9 planes but has deferred the induction. Raising equity will help to arrange pre-delivery payments to Boeing.

Jet Airways is India’s premier international airline, which operates flights to 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.

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