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CLARA MOSCHINI

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Jet Airways asks for postponement of payment of debts

The economic situation of the carrier is increasingly complicated

Jet Airways would have requested yesterday from some Indian banks to postpone the payment of the installment to pay off the debts, thus increasing doubts about the possible survival of the carrier, which is 24% owned by Etihad. While they are asked to delay the balance of the installment and the expected interest, the executives of Jet Airways are dealing with both those of the company of Abu Dhabi to increase their participation, both with creditors so that they can restructure the heavy corporate debt of the airline which has enormous difficulties in paying salaries too. A row against a possible revival of the carrier, however, is that 2019 is in anticipation of a year similar to the one just ended, and presumably will be characterized by an international uncertainty that will cause oscillations in both the price of oil (and therefore fuel) both in the value of the coins, risking to increase the economic weight on the companies in difficulty. The rescue anchor is represented by Etihad, but the UAE is unlikely to invest another million dollars if Jet Airways does not first find an agreement with the creditor banks.

M/A - 1217438

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