Jet to sell stake in loyalty arm, cut â¹2,000 crore in costs
Jet Airways has said that it will sell a stake in its loyalty programme JetPrivilege and cut as much as â¹2,000 crore in costs over the next two years. The airline posted a first-quarter loss of â¹1,323 crore, its biggest quarterly loss since 2015. Jet Airways owns 49.9% of JetPrivilege, which had 80 lakh customers at the end of March.