Deal or no deal: Etihad to take final call on Jet Airways on 31 March - News Summed Up

Deal or no deal: Etihad to take final call on Jet Airways on 31 March


Etihad was on the verge of making more investments in cash-strapped Jet Airways, but later dropped the plan. Jet Airways and SBI did not respond to queries till the time of publishing this story. “As a minority shareholder, Etihad is working closely with Indian lenders, the company and key stakeholders to facilitate a solution for Jet Airways," a spokesperson for Etihad said. Jet Airways, which is facing a severe cash crunch, defaulted on a domestic loan repayment in December. Lessors have subsequently taken back Jet’s aircraft, forcing Jet Airways to drastically scale down operations this month.


Source: Mint March 24, 2019 23:03 UTC



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