Etihad unlikely to get on board with Jet Airways bailout plan3 min read 15 Mar 2019, 07:18 AM IST
Etihad Airways' board not prepared to meet Jet Airways bailout terms proposed by lenders led by SBI
Another contentious issue is Naresh Goyal's demand for removal of the perpetuity clause that caps his shareholding to 22%
Mumbai: Etihad Airways PJSC is unlikely to agree to a provisional debt resolution plan proposed by lenders for the crisis-hit Jet Airways (India) Ltd, said two people directly aware of the development. A meeting of the board of Etihad in Abu Dhabi on Tuesday remained inconclusive, with several members expressing reservations about the terms proposed by the lenders that included adding two nominee directors from the promoter group of Jet Airways, led by founder Naresh Goyal, the people cited above said on condition of anonymity.
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