Etihad flies in to rescue Jet Airways, will help raise loans
Etihad Airways offers to guarantee loans worth $150 million to keep Jet Airways operational
Mumbai: In an apparent rescue act, Etihad Airways PJSC of Abu Dhabi has offered to guarantee loans worth $150 million that Jet Airways (India) Ltd needs to keep the airline operational, two people directly aware of discussions between the two airlines said. The development follows several rounds of talks between the two sides which also included a potential equity infusion by Etihad Airways and adding a third Indian partner, said the two people cited above. Both requested anonymity as the talks are private.
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