New Delhi: Jet Airways is in active discussions with various investors to secure sustainable financing, its CEO Vinay Dube has said.
In a communication to Jet Privilege members, Mr Dube also said that the airline is deploying aircraft on more profitable, productive and economically-efficient routes.
Grappling with financial woes, the full-service carrier is looking for investors to tide over the liquidity crisis, which has resulted in delayed payments to some vendors and salaries to a section of its over 16,000 employees.
“We are in active discussions with various investors to secure sustainable financing to navigate through the current headwinds and create long-term growth. There is interest in our strong brand and confidence in our business turnaround efforts,” Mr Dube said.
On November 16, Tata Sons confirmed its interest in acquiring Jet Airways but said no concrete “proposal” has been made by the group so far. Last week, Jet posted a net loss of Rs 1,261 crore for the second quarter.
