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!

Lenders trying to revive Jet Airways by management change: Source

Lenders led by the SBI  are trying to revive debt-laden Jet Airways  by change in management as they feel

Read More...

Defence Ministry chalks out guidelines for selection of shipyards for warship, submarine building projects

 The ministry of defence on Wednesday cleared fresh policy guidelines for selection of shipyards for major warship and submarine building projects

Read More...

Air Commodore Pathania takes over chief of IAF station Jammu

Air Commodore Ajay Singh Pathania, known for his instrumental role in humanitarian assistance and disaster relief helicopter operations, Wednesday

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu