INSUBCONTINENT EXCLUSIVE:
being in a financial soup.
The private airline is trimming its workforce and operations further as it battles its worst financial crisis
As per a report published in ET, at least 15 people at manager or general manager level in departments such as engineering, security and
sales have been asked to leave in October, said a person aware of the matter
earlier this year that the airline was on its stressed loans list, which was denied by Jet
Jet later clarified it had sought more time from them
Shares of the company were trading at Rs 218.95 apiece, down 4.51 per cent, around 10 am on Monday
The BSE Sensex was 0.21 per cent up at 34,387.
Shares of InterGlobe Aviation (IndiGo) was trading with a loss of 2.75 per cent at Rs 810.30
ICRA downgraded the long-term rating to A+ from AA and reaffirmed the short-term rating of A1 on the loan facilities
