We are regular in all payment obligations: Jet Airways
Aug 11 (PTI) Jet Airways today said it is
"regular" in all payment obligations, including to the banks
and the statutory dues.
"We are regular in all our payment obligations to all
our banks and statutory dues including PF obligations. Our
account with all the banks as on date is "Standard", Jet
Airways said in a statement.
The statement comes amid the airline deferring the
announcement of its June quarter earnings without giving any
The Naresh Goyal-promoted airline, in which Gulf
carrier Etihad holds 24 per cent stake, is grappling with
financial woes and its share price has also taken a beating in
"We have continuously been working on various cost and
revenue initiatives to mitigate the significant increase in
fuel rates and depreciation in rupee, as there has not been
any corresponding increase in fares," the airline said in the
The board of directors of Jet Airways, on August 9,
deferred the matter of consideration of the unaudited
financial results for the June quarter.
Sources had said that regulator Sebi was also looking
into the airline delaying June quarter results after the
carrier's audit committee expressed reservations.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)