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Jet Airways board okays debt resolution plan, posts Rs 588 crore Q3 loss

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Jet Airways on Thursday posted a loss of Rs 587.77 crore for the quarter ended December 31 against profit of Rs 165.25 crore in the corresponding quarter last year. Revenue stood at Rs 6,147.98 crore in Q3FY19 over Rs 6,086.20 crore in Q3FY18. Its shareholders are in the process of finalising the debt resolution plan. Lenders led by SBI initiated the comprehensive plan under the RBI circular on February 12 last year.

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