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The founder said his firm did 15 in , but over the past 12 months it's been "close to zero. The U. Trump later Thursday said he predicts a "fast" trade deal with China, but gave no evidence. Talks between high-ranking officials in the two countries have stalled in the last two weeks, and both sides have placed blame on one another.
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Skip Navigation. Markets Pre-Markets U. This will be the first airline-related deal in India headed by Moelis. Jet declined to comment.
The loyalty programme stake sale is crucial to the fundraising move to stay afloat. Memberships have trebled since then to 8. The company posted a net profit of. Shoring up finances The Indian carrier has spoken of other means of recapitalisation to shore up its finances without giving details. Jet also aims to put in place several cost cutting measures—including reworked maintenance contracts that will save it.
Jet Airways has been passing through its worst financial and operational phases since inception.
The company asked pilots and technicians to take similar cuts but they refused. Reports last month that Jet had told employees the carrier had just enough resources to last 60 days without cutting costs sent shares to a three-year low. The airline later denied it.
SBI said the airline was on its stressed loans list, which was denied by Jet.
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Jet later clarified it had sought more time. More recently, Jet confirmed it received a communication from the Registrar of Companies seeking clarifications in response to a complaint received by the body of the Ministry of Corporate Affairs. Read more on Jet Loyalty Programme sale. TGP Capital.
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