Jet Airways seeks $350 million soft loan from Etihad


Jet Airways has sought a soft financing of $350 million from its investment partner Etihad Airways, as it continues to hold discussions with the latter to offload additional stake in the carrier, an airline source said on Thursday.

The Abu Dhabi-based Etihad had come to the rescue of the Naresh Goyal-led airline during the earlier downturn too.

In 2013, it had acquired 24% stake in Jet Airways for Rs 2,060 crore, besides extending low-interest loan of $150 million as well as purchasing 50.1% stake in its loyalty programme JetPrivilege.

“Jet Airways has sought $350 million soft loan from Etihad even as its discussions with the Gulf carrier continue for selling additional stake,” the source privy to development told PTI. Read More

You may also read!

Three More Flights From Patna Airport By Next Week

The number of flights operating from Jayaprakash Narayan International (JPNI) Airport here increased to 42 with the addition of

Read More...

Iranian Envoy To Un Names Three Key Barriers To Dealing With The US

Iranian permanent representative to the UN Majid Takht-e-Ravanchi published an opinion piece in the Washington Post, in which he

Read More...

Air Asia Told To Pay Rs 1.54 Lakh To Veg Man It Served Non-veg Food

A Panchkula family, which was returning from Malaysia in a Air Asia plane, had a tough journey.

Read More...

Leave a reply:

Mobile Sliding Menu