Jet says rights issue now to be in Jan/Feb

New Delhi: Jet Airways Ltd has delayed further a planned $400 million rights issue to January or February next year, its chairman said on Friday.
The airline's board approved the capital raising in June, with the funds to be used for expansion and an overhaul of Air Sahara, which it bought in April and has since renamed JetLite.
The company said on Sept. 4 it was delaying the issue by two to three months because of turmoil in global credit markets.
26/10/07 Reuters India

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Categories: Jet Airways Oct 2007