New Delhi: With regulatory clearances yet to come by for Etihad Airways to buy out 24 per cent stake in Jet Airways for over Rs 2,000 crore, the Indian carrier has written to the Airports Authority of India (AAI) seeking extension of deadline till March 31 for paying the enhanced security deposit to the airport operator.
In a communication to AAI, Jet said all airlines were passing through difficult times due to increase in fuel prices and rupee-dollar parity, which had resulted in banks delaying sanction of addition funds.
Jet said when regulatory clearances come through, its financial situation would improve and, therefore, sought an extension of deadline for enhancement of security deposit.
The airline’s board is to meet on October 23 to consider and approve the un-audited financial results of the company for quarter and half year ended September 30.
Read News In full 21/10/13 Business Line
Thursday 24 October 2013
Jet Airways seeks more time to pay enhanced security deposit
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