Jet Airways, the country's largest carrier, have been informed by the auditors that the company needs to raise money for meeting its obligations. The company will also need finance to funds its loss-making subsidiary, JetLite, whose net worth has already been eroded.
For this the company is planning to raise $300 million in sale and leaseback of 40 aircraft owned by the company. It is in discussion with leasing companies and is close to finalizing sale and leaseback for the aircraft that are owned by Jet.
Jet Airways currently operates a fleet of 100 aircraft, which includes 10 Boeing 777-300 ER aircraft, 12 airbus A330-200 aircraft, 58 next generation Boeing 737-700/800/900 aircraft and 20 modern ATR72-500 turboprop aircraft.
Company Name | CMP |
---|---|
Interglobe Aviation | 4290.50 |
SpiceJet | 59.74 |
Global Vectra Helico | 191.40 |
Jet Airways (I) | 46.25 |
Taneja Aerospace | 450.10 |
View more.. |