Shivkumar

Shivkumar, the company's vice president for finance.

Jet Airways Sinks to $44 Million Loss Anirban Chowdhury 2011

Fuel costs surged 54% to 15.23 billion rupees from 9.92 billion rupees, Mr. Shivkumar said.

Jet Airways Sinks to $44 Million Loss Anirban Chowdhury 2011

Jet had cash reserves of 5.58 billion rupees as of March 31, Mr. Shivkumar said.

Jet Airways in Talks for Sale and Leaseback of Boeing Planes Anirban Chowdhury 2011

Jet Airways's Shivkumar said also that a planned institutional share placement, through which Jet aimed to raise $400 million, won't happen anytime soon.

Jet Airways Plans to Give Loans to JetLite Anirban Chowdhury 2011

Shivkumar, senior vice president in charge of finance at Jet Airways.

Jet Airways Plans to Give Loans to JetLite Anirban Chowdhury 2011

Mr. Shivkumar said Jet had total debt of about 136 billion rupees $3.02 billion as of March 31, down from more than 142 billion rupees a year earlier.

Jet Airways in Talks for Sale and Leaseback of Boeing Planes Anirban Chowdhury 2011

Mr. Shivkumar said the rest of the money has been deposited in the Bombay High Court as payment installments and will be partly adjusted from previous tax payments Jet Airways made on behalf of Sahara Airlines.

Jet Airways to Pay Sahara India 4.78 Billion Rupees Anirban Chowdhury 2011

Mr. Shivkumar also said once Jet Airways pays the amount, it will be free to sell and leaseback its planes--a move it was earlier barred from--since it couldn't touch some assets during the case.

Jet Airways to Pay Sahara India 4.78 Billion Rupees Anirban Chowdhury 2011

Shivkumar, said Jet Airways' senior vice president for finance.

Jet Airways to Pay Sahara India 4.78 Billion Rupees Anirban Chowdhury 2011

It can fetch up to $300 million as profit from the sale and leaseback of the 40 planes, Mr. Shivkumar said, but added that Jet would prefer to own some planes to keep some assets on its balance sheet.

Jet Airways Plans to Give Loans to JetLite Anirban Chowdhury 2011