Naresh Goyal led Jet Airways audit to be done by DGCA now

Aviation regulator DGCA is set to conduct a financial audit of the Naresh Goyal-promoted Jet Airways, amid its fiscal conditions under pressure due to the surging jet fuel prices and low fares, a source said.

The Directorate General of Civil Aviation (DGCA) has already evaluated the financial health of the national carrier Air India recently, besides conducting a special audit of Air Deccan, the source close to the development said.

The financial audit of airlines, which has been conducted in the past too, is done to assess their financial health and also ensure that they are not compromising on safety due to financial stress. “We will conduct the financial audit of Jet Airways from August 27. A similar audit of Air India has been completed,” the source said. The Securities and Exchange Board of India (Sebi) is looking into Jet Airways’ deferring announcement of June quarter results.