Rs 258 cr lifeline for Naresh Goyal Jet Airways

The fresh funding comes as a lifeline to the Naresh Goyal-promoted full service carrier, which has been in financial turbulence amid losses, caused by high jet fuel prices, rupee depreciation and inability to raise fares due to cut-throat competition. 

Rs 258 cr lifeline for Naresh Goyal Jet
Beleaguered carrier Jet Airways Thursday said that it has received around Rs 258 crore from Jet Privilege, its customer loyalty programme, for advance ticket sale. Image source: Reuters

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