INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Shares of Jet Airways (India) cracked nearly 7 per cent in early trade on Wednesday after its partner Etihad expressed its desire
to exit the company.
According to an ET report, Etihad has formally asked State Bank of India (SBI) to purchase its stake in the airline
The Abu Dhabi-based company conveyed to SBI its decision to exit Jet in a meeting on Monday.
The report further suggested that Etihad wants
The body represents around 1,000 pilots of the airline
Meanwhile, the government is looking to explore all options for Jet before initiating insolvency proceedings under the Insolvency and
The government has indicated to the banks that it favours an Indian player holding a majority stake in the troubled airline
