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Awaiting 'emergency liquidity support' from lenders: Jet Airways

Press Trust of India  |  New Delhi 

Cash-strapped Tuesday said it is awaiting "emergency liquidity support" from the SBI-led consortium of lenders to arrest further deterioration in its services.

The airline, which is operating only five planes, said its operations have been severely impacted due to critical liquidity position.

"The company's leadership, in consultation with its board of directors, is engaged with lenders in connection with the said emergency funding request... The company is also in constant engagement with the of Civil Aviation and in this regard," it said in a filing to the BSE.

The filing was made in response to a clarification sought by the exchange regarding reports that the was likely to temporarily shut down its operations.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 16 2019. 20:40 IST
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