Jet Airways’ peers IndiGo & SpiceJet had posted Q4 profit of Rs 590 crore and Rs 56.3 crore.
The airline said it plans to raise capacity by 30 per cent this financial year.
The last time traffic declined in India was in June 2013, which occurred after Kingfisher had crashed.
The Hinduja Group has engaged investment bankers led by SBI Capital Markets for due diligence.
The airline recently received its 21st plane and aims to take the fleetsize to 40 in a year.
“Colombo flights were to start this month. But the airline had to delay it in view of the attacks. It is now working on a plan B,” said a person close to the development.
IndiGo CEO acknowledges there 'may be' differences within the company, says growth strategy unchanged
IndiGo’s CEO Ronojoy Dutta also said that the company's growth strategy remains unchanged.
Kamark’s exit comes as Jet faces two probes while its lenders look for investors to save the airline.
Bhatia's InterGlobe Enterprises has the right to appoint key managerial personnel & enjoys operational control.
Clauses in shareholder pact may have led to rift. Legal cos helping founders resolve issues.
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