Motilal Oswal
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Motilal Oswal
Jan 15, 2019 06:15 AM IST | Aviation

Etihad Airways to raise stake in cash-strapped Jet Airways

Struggling Jet Airways is likely to finalise a resolution plan with its lenders this week and founder and chairman Naresh Goyal is likely to step down from the board, giving up majority control, three banking sources familiar with the matter told CNBC-TV18.
Shares in India's Jet Airways jumped over 18 percent on Monday after CNBC TV18 reported that founder and chairman Naresh Goyal was likely to step down from the board and give up majority control.
Etihad Airways to raise stake in cash-strapped Jet Airways
Published Date: Jan 14th, 2019 10:46 PM | Updated Date: Jan 15, 2019 06:15 AM IST
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