SME Times News Bureau | 14 Aug, 2018
Jet Airways on Monday reiterated that all of its accounts with lenders are "Standard" without any overdues.
"There
have been no delays in discharging any of our loan obligations to any
of the lenders. The company's account has been consistently 'Standard'
over the last several years," the airline said in a statement.
The
reassurance from the airline comes days after its board deferred
consideration of the first quarter financial results. The deferment led
to a slide in the airline's stock.
"The recent news on deferment
of our quarterly results was mainly due to certain additional time
requested by the management to its Audit Committee to complete its
accounts which was accepted," the statement said.
"There are no
differences of opinion whatsoever between the company and its statutory
auditors. Both B.S.R. & Co. (KPMG affiliate) and DTS &
Associates continue to be the statutory auditors of the company."
According to the airline, it has been evaluating various funding options to meet its liquidity requirements on priority.
"Jet
Airways remains committed to turnaround its business and make
appropriate disclosures on material information," the statement said.
