The airline is keen to extend the programme beyond Jet partners
Grappling with financial woes, Jet Airways is looking to raise fresh funds, including from strategic partner Etihad
SBI Chairman Rajnish Kumar, Sebi's Ajay Tyagi discuss Jet rescue plan besides other issues
Troubled Jet Airways working to revamp debt and avert collapse
Jet owes over Rs 8,000 crore to the SBI-led consortium
Goyal wants Sebi exemption from takeover code if stake falls below 25%
The resolution plan in this regard would be ready by mid-February. By then, Etihad Airlines, which owns 24% in Jet, aims to conclude its own examination ('due diligence') on the airline's issues
The stock moved higher by 9 per cent to Rs 296, bouncing back 15 per cent from its early morning low of Rs 257 on the BSE.
Jet Airways Chairman Naresh Goyal says this is subject to the condition that his shareholding post such infusion is at least 25%
At Jet Airways, Goyal is the designated head of business transformation and is tipped to be inducted as a director on the bo
Airline says change in board composition under consideration
The airline also said the resolution plan is presently under active discussion amongst the stakeholders and that the various options are yet to be crystallised
The stock slipped 8 per cent to Rs 270 on Wednesday after the media report suggested that Etihad Airways offers to invest in debt-laden carrier at discounted rate of Rs 150 per share.
According to reports, Etihad might have to make an open offer in case it is hiking the stake in Jet Airways
The stock tanked 8.28 per cent to Rs 270 on BSE.
Etihad Chief Executive Tony Douglas has written to State Bank of India on the restructuring plan for the airline
Al-Baker said Qatar Airways would be 'delighted' to take a stake in IndiGo, the largest airline in India
Etihad Airways currently owns a 24 per cent stake in debt-laden Jet Airways.
The airline has not been paying salaries to its employees, including senior management, pilots, staff and crew for over two months now
Naresh Goyal may become chairman emeritus, son Nivaan likely to have board role; Jan 16 meet to finalise deal