Companies

Jet Airways board meet on Feb 14 to approve Dec quarter results

PTI New Delhi | Updated on February 08, 2019 Published on February 08, 2019

Debt-laden Jet Airways has been forced to ground four aircraft. Representative image.   -  Reuters

Jet Airways, which is grappling with acute financial problems, on Friday said its board will meet on February 14, to approve the unaudited financial statements for the third quarter and nine months ended December 31, 2018.

“The meeting of the board of directors of the company shall be held on February 14, 2019, inter alia, to approve the unaudited financial statements for the third quarter and nine months ended December 31, 2018,” Jet Airways said in a filing to the BSE.

Shares of the company fell by 2.24 per cent to Rs 231.30 on the BSE.

Meanwhile, in a filing to stock exchanges on Thursday, Jet Airways said four planes have been grounded due to non-payment of amounts outstanding to lessors under lease agreements.

“The company is actively engaged with all its aircraft lessors and regularly provides them with updates on efforts undertaken by the company to improve its liquidity,” it said.

Published on February 08, 2019
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