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After Kingfisher, Jet asks lenders for funds
CNN-IBN | 29-Feb 15:34 PM
New Delhi: After Kingfisher Airlines, now India's largest private carrier Jet Airways is in need of money. Sources say Jet Airways has asked lenders for additional working capital loans of $ 200 million.
The company also needs funds as it expanded its operations by 18 per cent in 2012.
Jet Airways now requires funds for expansion of domestic operations and also for fleet expansion.
Jet Airways already has a debt burden of Rs 14,000 crore.
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