Jet Airways CEO Vinay Dube on Friday said that the cash strapped airline has taken a decision to withdraw from some of the international and domestic routes. Addressing shareholders in a conference call, he also said that the net debt of the troubled airline stands at Rs 7,299 crore as of end December, 2018.
He also said that the airline operations will be hit in January-March due to closure of Mumbai Airport runway. Some loss-making ATR routes have been removed and the airline is migrating its capacity from wide-body to B737s, he added.
Even as the aviation sector continues to be challenging for the players including Jet Airways, the airline airline will continue to make steady progress for operational and financial turnaround, the company management said.
