Dubai: Jet Airways India's second-biggest airline by passengers, is talking to lenders about raising up to $180 million through a loan, banking sources said on Thursday.
The airline, partly-owned by Abu Dhabi's Etihad Airways, last month reported its first annual profit since 2007, saying it made a net profit of 12.12 billion Indian rupees ($180 million) in the year ended March 31.
Jet was planning to raise $150 million, but that amount could rise to $180 million based on demand, the sources said.
The company was last in the market in December 2014 when it borrowed $150 million from banks over a five-year period for general corporate purposes, according to Thomson Reuters data.
30/06/16 Reuters/Economic Times
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The airline, partly-owned by Abu Dhabi's Etihad Airways, last month reported its first annual profit since 2007, saying it made a net profit of 12.12 billion Indian rupees ($180 million) in the year ended March 31.
Jet was planning to raise $150 million, but that amount could rise to $180 million based on demand, the sources said.
The company was last in the market in December 2014 when it borrowed $150 million from banks over a five-year period for general corporate purposes, according to Thomson Reuters data.
30/06/16 Reuters/Economic Times
