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Etihad in rescue talks with bankers for Jet Airways: sources


By Aditi Shah and Stanley CarvalhoNEW DELHI/ABU DHABI (Reuters) - Jet Airways Ltd and second-largest shareholder Etihad Airways have been holding rescue talks with bankers of the indebted Indian carrier, three people aware of the matter told Reuters on Wednesday.Executives of the airlines met State Bank of India officials in recent days to discuss Jet's cash flow and business plan, two of the people said. One said Jet has outstanding dues of about $400 million, mainly owed to lessors and vendors.Abu Dhabi-based Etihad is also considering raising its stake above the 24 percent it has held ...

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First Published: Wed, December 05 2018. 17:23 IST