Wednesday , December 19 2018
Breaking News
Home / BUSINESS / Jet Airways seeks soft financing of $350 million from Etihad Airways
Jet Airways seeks soft financing of $350 million from Etihad Airways

Jet Airways seeks soft financing of $350 million from Etihad Airways

Jet Airways has sought a soft financing of $350 million from its investment partner Etihad Airways, as the airline continues to hold discussions with the latter to offload additional stake in the carrier.

In 2013, Etihad Airways had acquired 24% stake in the airline for Rs 2,060 crore, besides extending low-interest loan of $150 million as well as purchasing 50.1% stake in its loyalty programme JetPrivilege.

Jet Airways is India’s premier international airline, which operates flights to India and overseas. The company’s robust domestic India network spans the length and breadth of the country covering metro cities, state capitals and emerging destinations.

Leave a Reply

Your email address will not be published. Required fields are marked *

*