Mumbai: The Naresh Goyal-led Jet AirwaysBSE -1.26 % today said it will retire USD 600-million debt by this fiscal end by way of sale and lease back of some its aircraft.
"We have been steadily repaying our debt, both working capital and working capital loans. By March, we expect our debt to come down to USD 1.96 billion from the current USD 2.3 billion and we would have repaid over USD 600 million of our debt this fiscal," Jet Airways Chief Financial Officer Ravi Shankar G told analysts in a post-earnings conference call today.
The total debt on the company's balance sheet stood at Rs 12,000 crore by the end of the September quarter against USD 2.4 billion in the June quarter, he said.
05/11/12 PTI/Economic Times
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"We have been steadily repaying our debt, both working capital and working capital loans. By March, we expect our debt to come down to USD 1.96 billion from the current USD 2.3 billion and we would have repaid over USD 600 million of our debt this fiscal," Jet Airways Chief Financial Officer Ravi Shankar G told analysts in a post-earnings conference call today.
The total debt on the company's balance sheet stood at Rs 12,000 crore by the end of the September quarter against USD 2.4 billion in the June quarter, he said.
05/11/12 PTI/Economic Times
