INSUBCONTINENT EXCLUSIVE:
Shares of Jet Airways India Ltd
It said the officials have been examining its books since Sept
The decline was compounded by an incident Thursday, when pilots flying one of its aircraft forgot to maintain cabin pressure during ascent,
causing injuries to many passengers.
Pilots Forget to Pressurize Cabin, Hurting Jet Air Flyers
Mumbai-based Jet Airways, which last month
reported its biggest quarterly loss since 2015, is seeking to raise funds and reduce debt as part of a turnaround plan
The carrier is among those finding it tough to make money in the Indian market, where competition has driven fares below cost
It has said salary payments to pilots will be staggered over two installments each month for three months.
Once among the leaders in India
wrongdoings at the airline, such as diversion of cash, people familiar with the matter said last month
