Etihad to pull Jet Airways out of crisis, with help of a 'new investor'3 min read 12 Mar 2019, 01:44 AM IST
Etihad Airways and Naresh Goyal near deal for total fund infusion of at least ₹4,200 crore in Jet Airways
The Jet-Etihad deal envisages a 'new investor' injecting ₹1,600-1,900 crore for about 20% stake in Jet Airways
Mumbai: Etihad Airways PJSC and the Naresh Goyal-led promoter group of Jet Airways (India) Ltd are nearing an agreement that will see a total fund infusion of at least ₹4,200 crore, including an unidentified white knight investing in the cash-strapped airline and Goyal and his wife giving up executive powers and board duties.
Select your Category