Jet Airways in talks with banks for $180 million loan

DUBAI: Jet Airways, India’s second-biggest airline by passengers, is talking to lenders about raising up to $180 million through a loan, banking sources said on

DUBAI: Jet Airways, India’s second-biggest airline by passengers, is talking to lenders about raising up to $180 million through a loan, banking sources said on Thursday. The airline, partly owned by Abu Dhabi’s Etihad Airways, last month reported its first annual profit since 2007, saying it made a net profit of 12.12 billion Indian rupees ($180 million) in the year ended March 31. Jet was planning to raise $150 million, but that amount could rise to $180 million based on demand, the sources said.

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