Regularly updating lessors, partners on steps taken to improve liquidity: Jet Airways
According to a regulatory filing, the company is actively engaged with all its partners, including lessors and airport operators and regularly providing them updates on efforts undertaken by the company to improve its liquidity.
Jet Airways said Monday it is actively engaged in updating partners, including lessors, about steps being taken to improve liquidity.
The full service carrier has been grappling with financial woes and has also delayed payment of salaries.
According to a regulatory filing, the company is actively engaged with all its partners, including lessors and airport operators and regularly providing them updates on efforts undertaken by the company to improve its liquidity.
"Our partners understand the challenges faced by the Indian aviation industry and have been supportive of the company's efforts," it added.
The filing came in response to a clarification sought by stock exchanges about reports that the airline has defaulted on lease rentals.
Watch this Zee Business video
Shares of Jet Airways declined 1.41 per cent to close at Rs 213.95 on the BSE.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SBI Senior Citizen FD Interest Rates 2024: What Rs 2 lakh, Rs 4 lakh, and 6 lakh, and Rs 8 lakh investments will give you in 1-, 3-, and 5-year FDs
Odisha Lok Sabha Election Results 2024 Updates: Odisha Parliamentary and assembly election exit poll results set to announced today; eyes on BJD and Naveen Patnaik
Central Railways' 63-hour mega block to hit Mumbai local train services, check dates and other details
From Axis to IDFC First - These bank stocks can give bumper returns in 3-4 weeks – Check target price and stop loss
Top 5 Defence PSU Stocks: Investors buying 1 unit of top PSU defence stock a month made Rs 40,299.40 on Rs 23,003.25 investment in 1 year
07:15 AM IST