Shuttered for more than a month, Jet Airways Thursday said it is not in a position to consider audited financial results for 2018-19 due to ongoing process for management change and resignations of key managerial personnel.
Once a storied full service carrier, Jet Airways temporarily suspended operations in April after running of cash.
In a filing to the stock exchanges, the airline said it is not in a position to consider and approve the audited financial results for the year ended March 31, 2019.
The airline cited “ongoing bidding process undertaken by the domestic lenders for change in management of the company, coupled with resignation by members of the board of directors, its key managerial personnel and other employees across functions,” as reasons for not considering the results.
