Implementing turnaround strategy, did not seek moratorium on loans: Jet Airways
Jet Airways Group posted a net loss of Rs 1,326 crore in the three months ended June 2018. In the year-ago period, the carrier had a net profit of Rs 58 crore. Along with the quarterly results, the airline's board, during its meeting on August 27, also considered various cost cutting measures, debt reduction and funding options, including infusion of capital and monetisation of assets.
Crisis-hit Jet Airways Wednesday said it is implementing a turnaround strategy and has not sought moratorium on loans from lenders. Image source: Reuters