India’s largest private carrier Jet Airways (India) Ltd, has managed to get a loan of Rs 1000 crore from the Abu Dhabi based Mubadala Development Co, an investment company promoted by the government of the emirate of Abu Dhabi. The loan will help fund the working capital needs and expansion plans of the otherwise ‘on the decline’ aviation company, which has shown a loss of Rs 384 crore for the second quarter of this fiscal. The airline is also struggling with the overdues to the state-owned oil markets,, airport authorities and operators. Jet’s outstanding to the oil firms is Rs 1,057 crore.
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