Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
»
1-min read

Jet Airways Says Not in a Position to Approve 2018-19 Financial Results

In a filing to the stock exchanges, the airline said it is not in a position to consider and approve the audited financial results for the year ended March 31, 2019.

PTI

Updated:May 30, 2019, 7:17 PM IST
facebookTwitterskypewhatsapp
Jet Airways Says Not in a Position to Approve 2018-19 Financial Results
Representative image.
Loading...

New Delhi: Shuttered for more than a month, Jet Airways on Thursday said it is not in a position to consider audited financial results for 2018-19 due to ongoing process for management change and resignations of key managerial personnel.

Once a storied full service carrier, Jet Airways temporarily suspended operations in April after running of cash.

In a filing to the stock exchanges, the airline said it is not in a position to consider and approve the audited financial results for the year ended March 31, 2019.

The airline cited "ongoing bidding process undertaken by the domestic lenders for change in management of the company, coupled with resignation by members of the board of directors, its key managerial personnel and other employees across functions," as reasons for not considering the results.

Earlier this month, Jet Airways Chief Executive Officer Vinay Dube and his deputy Amit Agarwal put in their papers.

The consortium of lenders — led by SBI — is struggling to find a buyer for the airline.

Shares of the airline rose 1.51 per cent to close at Rs 150.85 on the BSE.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results