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Etihad discusses rescue deal for India's Jet Airways with bankers: sources

Reuters  |  NEW DELHI 

By Aditi ShahNEW DELHI (Reuters) - Abu Dhabi-based Etihad Airways, the second largest shareholder of Jet Airways Ltd, is holding talks with the debt-laden Indian carrier and its bankers on a rescue plan, two sources aware of the matter told Reuters. Shares in Jet Airways rose as much as 3 percent on Wednesday while the overall Mumbai market was down 0.6 percent. Executives from Etihad, which owns a 24 percent stake in Jet, and the Indian carrier have met some of the airline's bankers from State Bank of India (SBI) in Mumbai in recent days to discuss ways to address its cash flow issues ...

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First Published: Wed, December 05 2018. 13:24 IST