August 13, 2018 8:24 AM

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Jet Airways on DGCA's radar: Aviation regulator to conduct financial audit of troubled airline

<div>After evaluating the financial health of Air India, aviation regulator the Director General of Civil Aviation is set to conduct financial audit of Jet Airways. Official sourses informed in Mumbai <span class="aQJ" data-term="goog_1308223269" tabindex="0">on Sunday</span> that on <span class="aQJ" data-term="goog_1308223270" tabindex="0">August 27</span> DGCA will conduct financial audit of Jet Airways whose fiscal conditions under pressure due to the surging jet fuel prices and low fares.</div>''<div></div>''<div>The financial audit of airlines is done to assess their fiscal health and also to ensure that they are not compromising on safety due to financial stress.  </div>''<div><br />''</div>''<div>Following orders from Civil Aviation ministry, the DGCA had also carried out a special audit of Air Deccan and will soon be conducting a similar exercise on Air Odisha. Air Deccan had started operations in December last year while Air Odisha took to the skies in February this year.</div>''<div></div>''<div>Gulf carrier Etihad holds 24 per cent stake in Jet Airways. The Naresh Goyal promoted  airline facing  financial problems and its share price has also taken a beating in recent weeks.</div>

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