Etihad to make $35 million cash pre-purchase payment to Jet Airways1 min read . Updated: 05 Oct 2018, 03:24 PM IST
Etihad Airways has confirmed that it has proposed a financial restructuring and support plan for Jet Airways that has been approved by its majority shareholder.
Mumbai: Etihad Airways, which owns 24% stake in Jet Airways India Ltd, on Thursday said that it has proposed a financial restructuring and support plan for the Mumbai-headquartered airline, which included a $35 million cash pre-purchase payment to Jet Airway’s frequent flyer programme JPPL ( Jet Privilege Private Ltd), which is majority owned by Etihad Airways.
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