Now, Jet Airways seeks funds to pay off debts

New Delhi: After Kingfisher, which is facing financial crunch, now the Jet Airways has expressed the need to raise funds in order to pay off its debt.

According to Jet Airways, the depreciation in rupee has impacted debt levels for the company.

The current debt in books for Jet Airways stands at Rs 14000 crore.

Jet Airways has, however, said that their debt would come down by Rs 1500 crore in the next six months.

This comes amidst the financial crisis being faced by Kingfisher Airlines. The Vijay Mallya-owned airline has sought help from the government in securing funds.

However, they have maintained that the help that they want is not a bailout on the tax payers’ money.