Jet Airways is to raise up to $400 million to meet its working capital requirements, according to India's Financial Times. Chairman Naresh Goyal said Jet last year deferred plans to raise funds via a rights issue owing to volatile market conditions. It had planned to launch the issue in October 2008 but deferred it until conditions improved. Goyal also said he would dilute 5%-10% of his personal stake in the company. He currently holds 80%. He told the paper that the airline is open to ...

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