Jet Airways and Godrej Properties today signed a deal to develop one of the two plots owned by the airline in the premium Bandra-Kurla Complex (BKC) central business district here.
Shiv Kumar, vice president of finance at Jet Airways, in an interview with CNBC-TV18’s Sonia Shenoy and Ekta Batra, gave his perspective of the first quarter performance and divulged future plans.
Shiv Kumar the CFO of Jet Airways tells CNBC-TV18 that he sees the court ruling as good news. He says that interest costs of only Rs 116 crore was left to be paid to Sahara now. Kumar says that Rs 275 crore has already been paid and is with the court. “The remaining Rs 203 crore will be paid within two weeks,” he says.
Jet Airways third quarter (October-December 2010) net profit rose 11.3% year-on-year to Rs 118.2 crore, but higher fuel costs offset much of the gains from increased passenger traffic during the holiday season.
In an interview with CNBC-TV18, Shiv Kumar, VP Finance, Jet Airways, speaks about the results and gives his outlook going forward.