Jet Airways, banks in talks on US$180m loan: report
India's Jet Airways is talking to lenders about raising up to US$180m through a loan, according to a media report. 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 INR12.12b Indian rupees (US$180m) in the year ended March 31. Jet was planning to raise US$150m, but that amount could rise to US$180m based on demand, Reuters quoted sources as saying. The company was last in the market in December 2014 when it borrowed US$150m from banks over a five-year period for general corporate purposes.<br/>
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Jet Airways, banks in talks on US$180m loan: report
India's Jet Airways is talking to lenders about raising up to US$180m through a loan, according to a media report. 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 INR12.12b Indian rupees (US$180m) in the year ended March 31. Jet was planning to raise US$150m, but that amount could rise to US$180m based on demand, Reuters quoted sources as saying. The company was last in the market in December 2014 when it borrowed US$150m from banks over a five-year period for general corporate purposes.<br/>
