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Jet Airways : what to concern? / Sudershan Kuntluru, Sanjeeth Balinga.
- Format:
- Book
- Author/Creator:
- Sudershan, Kuntluru, author.
- Balinga, Sanjeeth, author.
- Series:
- SAGE business cases.
- SAGE business cases
- Language:
- English
- Subjects (All):
- Jet Airways--Finance.
- Jet Airways.
- Jet Airways--Management.
- Airlines--India--Accounting.
- Airlines.
- Airlines--Accounting.
- Finance.
- Management.
- Accounting.
- India.
- Physical Description:
- 1 online resource : illustrations.
- Place of Publication:
- London : Indian Institute of Management, Kozhikode, 2020.
- System Details:
- text file
- Summary:
- It was a monsoon month of August 2018, Naresh Goyal, the promoter of Jet Airways, is on his way to corporate office at Mumbai to attend an important meeting scheduled with senior management team. Driving through rains, he found himself in an uncertain condition over the future of his company. Jet Airways, then the second largest domestic airline by market share in India, was facing serious cash-crunch and regulatory probe over alleged lapses in timely disclosure of default risk of loans worth rupees 11,000 crore. The aviation sector itself was stressed facing a double whammy of increase in crude oil prices and a falling rupee in the highly competitive industry. Further, Jet Airways had in the previous week deferred announcement of its earnings for the June quarter and was yet to announce a date for the same. Amidst all the frenzy, the media brought to light that the audit firm BSR & Co declined to sign the airline's first quarter earnings over differences with the management with regard to the ability of Jet Airways to continue as a going concern. Naresh Goyal had to work with the senior management team to bail Jet Airways out of the audit fiasco and also evaluate various funding options to meet liquidity requirements on priority.
- Notes:
- Originally Published InKuntluru, S., & Balinga, S. (2020). Jet Airways: What to Concern?. Kozhikode, India: Indian Institute of Management, Kozhikode.
- Includes bibliographical references and index.
- Description based on XML content.
- ISBN:
- 9781529751901
- 152975190X
- OCLC:
- 1228916951
- Access Restriction:
- Restricted for use by site license.
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