Indian carrier Jet Airways has said it is considering various options on priority to meet its funding requirements, reaffirming that its revenue-boosting and cost-cutting measures have started to show results.
Jet Airways slid 8.04% in morning trade, a day after it told the Bombay Stock Exchange that it was delaying releasing its first-quarter results.
Jet Airways had told pilots it had enough cash left to keep operating for just 60 days and would need to put in place cost-cutting measures including pay cuts.
Jet Airways, in a filing to the stock exchange late on Tuesday, did not say whether the agreement was a formal order or a non-binding memorandum of understanding.
Domestic Indian passenger traffic increased by 17.9% in January from a year earlier, marking the 41st consecutive month of double-digit growth.
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Indian carrier Jet Airways said on Wednesday it had suspended a foreign pilot from flying duty over allegations that he assaulted a woman and hurled racist abuse at another passenger on a domestic flight.