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Jet Airways to discuss austerity, turnaround plans at Monday board meeting

Reuters reported this week that private equity firm TPG Capital was considering investing in Jet but is not close to finalising a deal

A Jet Airways India aircraft prepares to land at Chhatrapati Shivaji International Airport in Mumbai, on July 10. 	Photo: Bloomberg
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A Jet Airways India aircraft prepares to land at Chhatrapati Shivaji International Airport in Mumbai, on July 10. Photo: Bloomberg

Press Trust of India
The board of crisis-hit Jet Airways will consider cost reduction initiatives and turnaround plan along with June quarter results at its meeting on August 27, according to a regulatory filing.
The full service carrier, which is grappling with financial woes, has been looking at ways to reduce costs amid high oil prices and intense competition.

On August 9, the airline's board of directors deferred announcement of unaudited financial results for the June quarter and the same would be taken up on August 27.

In a filing to the stock exchanges today, Jet Airways said the board would also take up