INSUBCONTINENT EXCLUSIVE:
response to an email seeking comment.
Jet Airways chairman Naresh Goyal is wooing Abu-Dhabi based Etihad to increase its stake in his
airline from 24% currently to as much as 49%
this month, flew to Abu Dhabi meeting not just the Etihad management but also the royal family including crown prince Mohammed bin Zayed bin
Sultan al-Nahyan.
These were meetings that helped resume discussions between the two airlines after Etihad had initially made its
disinterest for further investment clear
Etihad, also has the right of first refusal, a crucial advantage at a time when the Jet Airways founder is scouring for investors.
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Etihad currently owns 24% of Jet Airways.
The nomination comes even as Jet, desperate and struggling for financial aid, has approached the
Abu Dhabi-based airline for a cash handout in the form of soft loans and a possible stake purchase
Tata Sons had been in talks with Jet for a stake purchase but its board cautioned it to complete due diligence without venturing into an
It has delayed salaries, laid off staff, grounded planes and cut flights, been downgraded by credit rating agencies and has been having a
