Jet Airways deal likely to be finalised by March; tweaks still being made

The Jet restructuring would mean three board seats going to Etihad as it may turn out to be the largest shareholder

A resolution plan for Jet Airways has been delayed over issues linked to due diligence in fresh equity investments, promoters’ interests, lenders’ perspective, regulatory hurdles and government concerns, sources in the know said. Industry watchers are drawing parallels with suspense thrillers while waiting for the “climax or anti-climax’’, as an official put it. 

A board meeting, scheduled for Thursday (February 14), was expected to take up the proposed deal between Naresh Goyal-promoted Jet, foreign partner Etihad and lenders led by State Bank of India (SBI), but now it is learnt that no decision is likely so soon. In fact, the airline’s