Jet to seek share­hold­ers’ nod on JetLite on April 22

The Financial Express - - COMPANIES -

Lead­ing car­rier Jet Air­ways will seek the ap­proval of share­hold­ers and cred­i­tors on April 22 for the pro­posed merger of JetLite with it­self. Jet Air­ways' board had ap­proved the merger of the low-cost sub­sidiary JetLite with the air­line in Septem­ber. Ac­cord­ing to a reg­u­la­tory fil­ing today, Jet Air­ways said it will seek the nod of “eq­uity share­hold­ers, se­cured cred­i­tors and un­se­cured cred­i­tors” for the pro­posed merger on April 22.

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