NEW DELHI: Jet Airways chairman Naresh Goyal has sought an urgent interim funding of Rs 750 crore this week from Etihad. Nonreceipt of this funding could lead to grounding of Jet, Goyal said in a letter to Etihad Group CEO Tony Douglas on Friday (March 8).
Reflecting its condition, Jet told BSE on Monday evening that “part repayment of the external commercial borrowing availed by the company for working capital purposes, falling due on March 11, 2019, has been delayed, owing to temporary liquidity constraints and the company has engaged with the lender in relation to same”.
