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Etihad conditions may delay debt-laden Jet Airways resolution plan

On February 21, the airline's shareholders approved five enabling resolutions to convert its debt into equity

Etihad  |  Etihad Airways  |  Sebi

Aneesh Phadnis Surajeet Dasgupta & Abhijit Lele  |  Mumbai/New Delhi 

Jet Airways
Representative Image

Airways is learnt to have abstained from voting on several resolutions to convert Jet Airways’ debt into equity in the EGM the Naresh Goyal-led airline held last Thursday. has laid down stiff conditions for backing the resolution, a move that could delay the deal to bail out Jet. A delay in resolution will further squeeze Jet Airways, which is negotiating interim funding from banks.



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First Published: Mon, February 25 2019. 01:43 IST