High selling, distribution costs of debt-laden Jet Airways under scanner

At least two financial transactions conducted every year by full-service airline Jet Airways — selling and distribution costs and commissions paid by the firm to Jetair Private Limited — are coming under increasing scrutiny of auditors and analysts. A closer look at the annual reports of all the airlines shows that while IndiGo and others spend around 2 to 4 per cent of their total revenue on selling and distribution costs, the corresponding percentage for Jet Airways is as high as 12. In addition, a yearly amount — albeit much smaller — is paid to Jetair Pr.....

Key stories on business-standard.com are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.