Home / Companies / News / Jet Q3 net loss at Rs 587.77 cr; board approves debt resolution plan

Jet Q3 net loss at Rs 587.77 cr; board approves debt resolution plan

Jet Airways board approves draft resolution plan primarily comprising infusion of funds, restructuring of debts and monetisation of assets

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Jet is also looking at selling part of its 49 per cent stake in its loyalty programme, Jet Privilege, to Etihad

Last Updated : Feb 14 2019 | 5:58 PM IST

Struggling carrier Jet Airways on Thursday reported a standalone net loss of Rs 587.77 crore for the third quarter ended December 31.

Further, the Jet Airways board approved the draft resolution plan primarily comprising infusion of funds, restructuring of debts and monetisation of assets.

The company had posted a standalone net profit of Rs 165.25 crore in the same quarter previous fiscal, Jet Airways said in a regulatory filing.

The carrier said revenue from operations during the quarter under review stood at Rs 6,147.98 crore as against Rs 6,086.20 crore in the year-ago period.

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