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Jet Airways: Etihad next to take over 49% of the carrier

First step towards the acquisition of the majority

Jet Airways would be dealing with its creditors so as to solve the problems related to the debt, also because Etihad Airways seem intent on increasing the shareholding to 49%. According to "CNBC-TV 18" the carrier of Abu Dhabi would have offered 35 million dollars to save from the bankruptcy the Indian airline which is in serious financial difficulties, also because the problem would be more serious...

M/A - 1217893
Delhi, India, 01/16/2019 16:30
AVIONEWS - World Aeronautical Press Agency

AirlinesJet Airways. New idea: a conversion of debt into shares

One more (desperate) attempt to save the carrier

In the event that the conversion of part of the Jet Airways debt into shares is approved, the State Bank of India (SBI) should enter into the shareholding of the carrier, controlling 30% of it. A measure... more

AirlinesJet Airways: a debt restructuring plan is being examined

It presented to creditors, with Etihad guarantee

From the Indian state bank they assured that the future of Jet Airways -even less in the short term- could be safe, because the carrier's creditors would be considering a corporate and financial restructuring... more

AirlinesJet Airways (2). Qatar Airways will not partecipate

The CEO al-Baker explains the reasons

Qatar Airways CEO Akbar al-Baker denied the rumors regarding a possible participation of the carrier in the rescue of Jet Airways, specifying that it will not be done since a substantial part of the shares... more

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