LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Companies News

Jet Airways chief Naresh Goyal meets Civil Aviation Secretary amid airline's financial woes

The airline has been evaluating various funding options to meet its liquidity requirements on priority.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Jet Airways chief Naresh Goyal meets Civil Aviation Secretary amid airline's financial woes
jetairways airline has been evaluating various funding options to meet its liquidity requirements on priority, Image source:IANS
Written By: IANS
Updated: Thu, Aug 16, 2018
06:56 pm
New Delhi, IANS
RELATED NEWS
Jet Saga: Buyers await regulator's scrutiny of airline's flying license Jet Saga: Buyers await regulator's scrutiny of airline's flying license
Good news for Jet Airways: Pilots defer strike, seek salary dues by April 14 Good news for Jet Airways: Pilots defer strike, seek salary dues by April 14
Jet Airways grounds 4 more planes for non-payment of lease rentals Jet Airways grounds 4 more planes for non-payment of lease rentals
Flight ticket prices in India up by 100 per cent as IndiGo, SpiceJet, JetAirways cancel flights Flight ticket prices in India up by 100 per cent as IndiGo, SpiceJet, JetAirways cancel flights
Jet Airways crisis: SEBI has no 'view' on relaxing norms for Jet bailout Jet Airways crisis: SEBI has no 'view' on relaxing norms for Jet bailout

Financially-challenged Jet Airways on Tuesday said its Chairman Naresh Goyal met Civil Aviation Secretary R.N. Choubey to discuss matters concerning the sector and the airline.

The company that recently deferred its first quarter results has maintained that the Indian aviation sector, which has seen robust traffic growth, is passing through a tough phase primarily due to increase in Brent rates as well as a depreciating INR.

According to the company, the meet took place on Monday.

The airline has been evaluating various funding options to meet its liquidity requirements on priority.

On certain concerns raised by its employees, the airline said that it "has a transparent and open culture and employees as well as the management regularly engage to discuss matters of mutual concern via internal, defined, consultative processes".

"Over and above that, the management team conducts quarterly town hall sessions where our cost, revenue and customer service initiatives are discussed freely," the company said in a statement on Tuesday.

"All of the airline`s employees, including its pilots and engineers, have already publicly stated their resolve of standing loyal, committed and unified with the company and any external attempt to disturb that unity via rumours and speculations is in bad taste and needs to be curbed."

On Monday, the airline had reiterated that all of its accounts with lenders are "standard" without any overdues.

"There have been no delays in discharging any of our loan obligations to any of the lenders. The company`s account has been consistently `standard` over the last several years," the airline said in a statement.

The reassurance from the airline comes days after its board deferred consideration of the first-quarter financial results. The deferment led to a slide in the airline`s stock.

Watch Zee Business video here:

"The recent news on deferment of our quarterly results was mainly due to certain additional time requested by the management to its Audit Committee to complete its accounts which was accepted," the statement said.

"There are no differences of opinion whatsoever between the company and its statutory auditors. Both B.S.R. & Co. (KPMG affiliate) and DTS & Associates continue to be the statutory auditors of the company."

 

 

 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
JetAirwaysAviation
RELATED NEWS
Jet Saga: Buyers await regulator's scrutiny of airline's flying license Jet Saga: Buyers await regulator's scrutiny of airline's flying license
Good news for Jet Airways: Pilots defer strike, seek salary dues by April 14 Good news for Jet Airways: Pilots defer strike, seek salary dues by April 14
Jet Airways grounds 4 more planes for non-payment of lease rentals Jet Airways grounds 4 more planes for non-payment of lease rentals
Flight ticket prices in India up by 100 per cent as IndiGo, SpiceJet, JetAirways cancel flights Flight ticket prices in India up by 100 per cent as IndiGo, SpiceJet, JetAirways cancel flights
Jet Airways crisis: SEBI has no 'view' on relaxing norms for Jet bailout Jet Airways crisis: SEBI has no 'view' on relaxing norms for Jet bailout

LATEST NEWS

NEET 2021 exam date latest news: Candidates check this big update

HPCL Recruitment 2021: Salary CTC up to Rs 33.95 lakhs - PDF download, Syllabus, Apply Online, Without/Through GATE, Exam Date, Age Limit and more

Eddie Murphy on Hollywood: White men run this business

Patient dies after receiving AstraZeneca vax in S.Korea

7th Pay Commission latest news today: DA hike, DR benefit, arrears, ease in LTC — updates that central government employees just cannot miss

Strong earthquake shakes central Greece, felt in Balkans

Stocks in Focus on March 3: MTAR Technologies IPO, Tata Power, IRCON, Telecom Stocks to Tyre Stocks; here are the 5 Newsmakers of the Day

SBI account holder? Don't do this, or you will lose money; Bank issues WARNING - check 3 top tips

Gold Price Today 3-03-2021 –Gold cheaper by Rs 4600 in 2021, Silver by Rs 766; time to buy gold NOW expert says

Why Gold prices have got low and is it expected to fall lower? Should people be looking to invest in it?

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved