On Thursday, Jet Airways said that it has repaid Rs 558 crore loans in the September quarter and is expecting its debt burden to come down as business improves.
During the July-September period, the airlines has seen its net profit increases 25 percent to Rs 87.59 crore.
Jet Airway’s senior executive Ravichandran Narayan said that “We are absolutely current (on time) in servicing our (debt) obligations. From the level that we are in September, there is going to be marginal increase… then you get to see a tapering effect (debt coming down) as the business improves.”
The airline has repaid loans worth Rs 558 crore in the September quarter according to him.