Jet to moot $400mn rights issue on June 26BS Reporter / Mumbai June 19, 2007The board of directors of Jet Airways will meet on June 26 to consider a rights issue of equity shares to raise up to $400 million.The airline is starting operations on more overseas routes even as the competition in the domestic market intensifies.Jet, which acquired domestic rival Air Sahara in April, plans to overhaul Sahara and buy more aeroplanes.Sahara, renamed JetLite, is joining the swelling rank of low-cost carriers in the country.Jet
