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Jet to raise $400million

12 October 2009

The Indian carrier will sell shares to foreign investors as it looks to reduce its debt burden

Read more: Jet Airways FIPB equity raising

Debt-laden carrier Jet Airways has been given the go-ahead to raise $400 million in fresh equity from foreign investors.

The Foreign Investment Promotion Board (FIPB) has approved...


Quote

"A lot of people hoped these proposals would die under their own weight"

Michael Inglese, chief financial officer, Aircastle on the proposed new accounting standards

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