Shareholders of Jet Airways have approved the conversion of loan into shares and other proposals as the crisis-hit carrier seeks to fly out of financial turbulence.
During the extraordinary general meeting (EGM) on Thursday, the shareholders also approved alterations to the company’s articles of association and memorandum of association .
According to a filing with the stock exchanges on Friday, Jet Airways said shareholders have approved five proposals that were put up for voting at the EGM.
