Credit- rating agency ICRA has downgraded Jet Airways debts to "D" rating from"BB"

BSE Code                     532617

Face Value                   Rs 10

Group                         BSE 'A'

Shareholding: 

(a)Promoters                 51%

(b)Institution                7.85%

(c)Non-Institutions           41.15%

One year High-Low:        Rs 414.70 - Rs 210.25

     Jet Airways is a major Indian airline based in Mumbai. It is the second largest airline in India, Its main hub is Mumbai, with secondary hubs at Delhi, Kolkata, Chennai, Bengaluru.
     Jet Airways executives will meet credit ratings agency ICRA on Monday, following Saturday,s downgrade of its debt rating to 'D' from 'BB' after the airline failed to meet loan repayment schedule.
     The rating may make it difficult for the cash-strapped airline to raise additional loans. It recently raised $150 million worth of soft loans with help from its strategic partner Etihad Airways.
     Jet posted a net loss of Rs 217.7 crore for the first quarter of the current financial year, down from Rs 355.4 crore a year earlier.
     Jet Airways currently trading at Rs 235.00,down by 9.55 points from its previous closing of Rs 244.55 on the BSE.