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Jet Airways "implementing initiatives to improve cash flows, in discussions re strategic investment

4-Feb-2013 12:34 PM

Jet Airways stated (01-Feb-2013) it remains focussed on "implementing initiatives to improve the operating cash flows through cost control measures, route rationalisation, leasing out aircraft, exploring avenues of enhancing ancillary revenues etc." The carrier noted: "The pricing environment in the market has improved leading to growth in yields and revenues and this is likely to continue. These measures are expected to result in sustainable cash flows and accordingly these statement of unaudited financial results continue to be presented on a going concern basis, which contemplates realisation of assets and settlement of liabilities in the normal course of business. Pursuant to the announcement of liberalised FDI policy permitting foreign investment in Indian airline, the Company is in discussion with a reputed airline for a strategic investment in the Company". [more – original PR]