Jet Airways sees gloomy skies ahead

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ENS Economic Bureau Tags : Posted: Wednesday, Sep 20, 2006 at 2330 hrs

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The airline, he said, has postponed its $800-million overseas issue due to bad market conditions. The overseas issue was to fund its $2.5-billion capital expenditure plan which included purchase of 30 narrow and wide-bodied aircraft. Instead, the airline has taken short-term borrowings from IDBI, SBI and ICICI to meet pre-delivery payment commitments.

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