Cash-starved Jet Airways has mopped up ₹250 crore from advance sale of tickets to its customer loyalty programme Jet Privilege, less than five months after raising money through the same route. The deal is similar to the one done in October 2018, an airline spokesperson said. Last October, the airline received around ₹258 crore from advance sale of tickets to Jet Privilege. Jet Privilege, which has got millions of members, is majority owned by Etihad Airways. The Gulf carrier owns 24 per cent stake in Jet Airways.

Source: Mint February 07, 2019 13:18 UTC