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We are meeting payment obligations to lenders and other dues: Jet Airways

Jet says it was working on cost and revenue initiatives to cushion the sharp rise in fuel costs and the depreciation in the Indian rupee

Reuters  |  Mumbai 

Indian carrier Jet Airways Limited 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 Qatar’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 ...

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First Published: Sat, August 11 2018. 22:16 IST