Etihad flies in to rescue Jet, will help raise loans

Etihad offers to guarantee loans worth $150 mn to keep Jet operational

Equity infusion by Etihad will take time and it may not be enough for Jet Airways to tide over its current financial troubles

Deborshi Chaki MUMBAI

In an apparent rescue act, Etihad Airways of Abu Dhabi has offered to guarantee loans worth $150 million that Jet Airways (India) Ltd needs to keep the airline operational, two people directly aware of discussions between the two airlines said. The...

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