Jet Airways delays the release of its first quarter financial report, saying the auditors have not signed the report.
The airline had been scheduled to released the earnings ended 30 June on 10 August 2018, but held a board meeting on 9th to get approval for the report.
The few days ago, airline denied reports that it had warned the staff of negative cash-flow and expected to take a payout.
India’s second largest airline is said to have been facing financial difficulties due to rising fuel prices, a weaker Indian currency and increasing competitive air fares.
Jet Airways valued about $500 million, is partly owned by Etihad Airways – Goyal holds a 51% stake, Etihad Aviation Group hold 24% and remainder by public shares.