Two operational creditors of Jet Airways, Shaman Wheels Pvt. “The board of directors of Etihad Airways is also against investing further in Jet Airways. Etihad Airways had in May confirmed its interest to reinvest in a minority stake in Jet Airways, subject to conditions. Lenders to Jet Airways, led by SBI, have been trying to resolve the insolvency crisis at Jet Airways outside NCLT due to fear of little or no recovery. Jet Airways hasn’t flown since 17 April after it grounded all its operations due to an acute shortage of funds.

Source: Mint June 10, 2019 18:56 UTC