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Jet Airways accepts Etihad bailout plan - Business Standard


(Reuters) - Jet Airways (India) Ltd has agreed to most of the conditions set by its partner Etihad for offering a lifeline to the debt-laden domestic carrier, Business Standard reported on Friday, citing sources.Both the airlines are set to sign a memorandum of understanding (MoU) within days, which would result into stepping down of Jet Airways founder Chairman Naresh Goyal from the board of directors, the report said.Jet Airways and Etihad were not immediately available for comment. (Reporting by Bhanu Pratap in Bengaluru; Editing by Rashmi Aich)(This story has not been edited by Business ...

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First Published: Fri, February 01 2019. 09:30 IST