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While cash infusion could help, but it will still be rough weather for Jet

competitive pricing and high-cost base will mean continued losses in the short term

Jet Airways
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Jet Airways

Ram Prasad SahuAneesh Phadnis Mumbai

The stock of Jet Airways gained 5 per cent during trade on Tuesday due to lower crude oil prices as well as plans to bring in equity partners into the company. 

In addition, the company is also looking at selling six of the 16 aircraft it owns and a stake in the loyalty programme. 

Company deputy chief executive officer Amit Agarwal indicated, in an investor call, that investment bankers have been mandated to secure investors for its loyalty programme and equity infusion. 

While he declined to comment on specifics of discussions with the Tatas on stake sale, calling them