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Etihad hires turnaround expert Alvarez and Marsal as it weighs Jet Airways bailout

Updated : January 25, 2019 08:38 PM IST

Executives from Alvarez & Marsal are camped in Jet Airways' offices in Mumbai and are taking stock of the airline's operations and looking into its financial health and records, one of the sources said.
The Abu Dhabi-based carrier plans to raise its stake in Jet Airways from the current 24 percent but it wants the airline's founder and chairman Naresh Goyal to give up control, sources have told Reuters.
Etihad hires turnaround expert Alvarez and Marsal as it weighs Jet Airways bailout

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