Jet Airways to raise $300 million via overseas borrowing to trim high cost debt

Private carrier Jet Airways today said it will raise $300 million through the external commercial borrowing (ECB) route to retire its high cost debt. "In terms of ECB transactions, we have got the necessary approvals from the Reserve Bank to raise $ 150 million for which the documentation process is underway.       "We expect to complete the transaction in this quarter. We are also working on another ECB transaction of $150 mi...