Jet Airways gets $300 mn as lease incentives & debt from banks

Cash-crunched Jet Airways today said it has received an additional equity of USD 300 million in the form of advance lease incentives and borrowings from domestic banks.

The airline, which reported a second consecutive quarterly loss of over 1,300 crore in three months to June, also reiterated that both the airline and its auditors were on the same page and there was no difference of opinion.

The company got an additional equity of USD 300 million from lease incentives and bank borrowings, Jet Airways deputy chief executive officer and chief financial officer Amit Agarwal today said during an analysts call post June quarter earnings.

Agarwal, however, did not give the breakup, but said, "A large proportion of it came from lease incentives."