Jet Airways has received around Rs 258 crore from Jet Privilege, its customer loyalty programme, for advance ticket sale. Jet Privilege concluded a prepaid ticket purchase agreement for $35 million with Jet Airways, under normal course of business.
The customer loyalty programme regularly purchases these tickets to offer its members against redemption of miles hence this transaction is no different and is done under normal course of business between Jet Airways and Jet Privilege.
Jet Airways is India’s premier international airline, which operates flights to India and overseas. The company’s robust domestic India network spans the length and breadth of the country covering metro cities, state capitals and emerging destinations.