Not aware of any inquiry by government: Jet Airways
After reports claimed that Jet Airways is under scrutiny for alleged fund diversion, the cash-strapped airline said it's unaware of any probe initiated by government authorities. The carrier, part-owned by Etihad Airways, postponed its earnings originally scheduled for August 9 by over two weeks. Jet Airways stock has plunged 65% this year compared with a 9% drop for rival IndiGo.