Crisis-hit Jet Airways on Wednesday said it is implementing a turnaround strategy and has not sought moratorium on loans from lenders. The full-service carrier, which is grappling with financial woes, has delayed payment of salaries to employees.

"The company is engaged in implementing board approved turnaround strategy and will make due announcements with respect to specific measures once finalised," an airline spokesperson said.
The spokesperson also said the airline has not sought moratorium on any loans or reduction of interest rates from its lenders, contrary to reports.