Jet Airways to refinance $300 million rupee loan

Jet Airways has stated that it is refinancing a $300 million Indian rupee loan, with a $150 million loan from the ECB and $150 million loan from a Middle East financial institution, according to Ravishankar Gopalakrishnan, chief financial officer and acting chief executive officer, during a conference call with investors. “With the support of Etihad Airways’ bankers, we have got sanction for $150 million ECB and documentation of the same is in the process. Separately, we have got sanction from a bank from Middle East for another $150 million,” Gopalakrishnan said. Gopalakrishnan said Jet Airways had reduced its debt from