Jet Airways on Thursday said it expects to raise $150 million through Etihad bankers by December. The Naresh Goyal-promoted airline on Wednesday reported its worst quarterly numbers with a record loss of Rs891 crore on a standalone basis in the quarter to September 30.
“We are working with their (Etihad) bankers... That is expected to happen this quarter,” Jet Airways Group chief financial officer Ravishankar Gopalakrishnan said during an analysts call.
“Etihad through their bankers will help us get ECB to the extent of $150 million,” he said, adding “we are on course to complete the transaction during the current quarter.”