Tuesday, August 14, 2018

There is no overdue in any of our accounts: Jet Airways

New Delhi: Jet Airways on Monday said that its accounts with lenders are ‘standard’ and that there is no overdue in any of our accounts. The airline also said it is evaluating various funding options to meet its liquidity requirements on priority, without elaborating on that.

“There have been no delays in discharging any of our loan obligations to any of the lenders. In fact, our bankers have issued a certificate to this extent at periodical intervals. The company’s account has been consistently standard over the last several years,” the airline said.

“A tabular statement prepared by CRILC (Central Repository of Information on Large Credits) placing Jet under default status by some of the banks on certain dates is only due to technical errors which has subsequently been rectified in the system. The company further clarifies that over the last several years, there has been no instances of default in meeting its debt obligations,” it added.
13/08/18 Times of India

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