Lender disagreement can spook Jet revival
A difference of opinion between the lenders can further queer the pitch for revival of the beleaguered airline.
A difference of opinion between the lenders can further queer the pitch for revival of the beleaguered airline.
Naresh Goyal just needs ₹31.9 crore to raise his stake in Jet Airways to 26% and be able to block special resolutions of the board.
The troubled airline, which posted a fourth consecutive quarterly loss, will present the plan for shareholders’ approval next Thursday.
The airline intends to maximise profit from its code-sharing agreements with foreign carriers such as Etihad and Air France-KLM.
British Airways, German airlines Lufthansa, Etihad Airways, Singapore Airlines and Malaysian Airlines have shown interest in buying the national carrier
Many say etihadisation is the only way to save Jet Airways, even as some resent its growing clout with a minority stake. The unasked question: Where is Etihad really taking India’s oldest private airline?