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Jet Airways assures investors, says meeting all payment obligations

Jet needs to repay about Rs 30 billion ($436 million) in loans and bonds over the next three years, with a third falling due by the end of 2019

Reuters  |  Mumbai 

Indian carrier Jet Airways Ltd sought to reassure investors on Saturday, saying it is meeting its payment obligations to lenders and other dues, such as staff commitments. India's biggest-full service airline issued the statement a day after its shares fell to a three-year low following an announcement that it had deferred its quarterly earnings report. Jet, which is part-owned by Abu Dhabi's Etihad Airways, was due to report quarterly earnings on Thursday but said in stock exchange filings that its audit committee had not signed off on them "pending closure of ...

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First Published: Sun, August 12 2018. 16:26 IST