Press: Jet to raise $400mn in private equity

Jet Airways is in talks with several private equity companies to raise $400 million through a qualified institutional placement to fund its proposed purchase of 30 new aircraft, the Business Standard reported citing unnamed sources. Jet is also considering a public issue of shares, the report said.

The airline plans to buy 20 wide-bodied aircraft for its international operations and 10 Boeing 737s for domestic routes. The company has also agreed to buy 10 Boeing 787-8 Dreamliners.