The fund-raising plans of Jet Airways, has been pushed back again as the Indian government on Thursday last week sought more clarification on the airline’s qualified institutional placement (QIP) issue. Jet had submitted a proposal to the Indian Foreign Investment Promotion Board (FIPB) to raise $400 million through a QIP to de-leverage its balance sheet. The airline already has an in-principal approval from the Indian government for raising funds from overseas so in this instance it is likely that the hold up to FIPB approval could be the sector limit for foreign direct investment (FDI) in the aviation sector, which
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