Etihad Tries To Formulate Rescue Deal For India’s Crisis Hit Jet Airways


In an attempt to rescue debt-ridden India’s air carrier, Jet Airways, Abu Dubai-based Etihad Airways is in discussions with the airline and its lenders to formulate a rescue plan, according to the media reports on Wednesday (5). The officials from Etihad, a 24 per cent shareholder in the Indian carrier have met some of the bankers in Mumbai recently to discuss the steps to address the cash crunch being faced by the company and to prepare a road-map for the future of the airline, Reuters quoted two sources as saying. A meeting between, Etihad, Jet Airways and, Indian lender SBI,…

You do not have access to this content. You need to subscribe.