Naresh Goyal, Etihad close to Jet resolution plan; outcome likely in a week

Jet Airways and Etihad have agreed upon an interim financing plan, according to which Etihad will put in Rs 750 cr, and a matching amount will be provided by the Jet lenders

Jet Airways promoter Naresh Goyal and his joint venture partner Etihad Airways are close to hammering out an agreement on the banks-led resolution plan and the outcome is expected within a week, sources in the know said.

“We are hopeful that Jet Airways will have a resolution in a week. Intense negotiations are going on. It is our desire that the airline keeps running — that is the fundamental difference between Jet and other NPA (non-performing asset) accounts,” a senior executive of one of the banks involved in the restructuring of the airline said. The banker added that they were working