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No end to Jet Airways' free fall: Will the airline go Kingfisher's way?

Jet has been in restructuring mode for the past 5 years with no signs of a turnaround

Jet's unit costs increased 8.7 per cent while its unit revenue declined 3.9 per cent
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Jet’s unit costs increased 8.7 per cent while its unit revenue declined 3.9 per cent

Anjuli Bhargava New Delhi
With its second-quarter loss expected to exceed Rs 20 billion and the total outstanding payment to vendors and suppliers estimated in the range of Rs 120 billion to Rs 80 billion sitting on its books, Jet Airways' present situation looks grimmer than ever. In fact, the Centre for Asia Pacific Aviation's (CAPA's) September 2018 report on the Indian aviation scenario estimates that Jet will end this financial year with a loss of around of $500 million (Rs 31.5 billion).    

A Jet spokesperson denied the outstanding payment figure, saying that it was "grossly incorrect", but refused to divulge the

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First Published: Oct 29 2018 | 6:45 PM IST

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