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

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