Jet Airways lenders look for minority stakeholders in a last-ditch attempt to save the carrier, says report
Updated : May 16, 2019 10:02 AM IST
The lenders now believe that with Etihad controlling 24 percent, the ownership of the carrier can be divided among three different entities holding 20 percent stake each.
The carrier needs an investment of close to Rs 6,000 crore even to restart the operations, and with Etihad offering only Rs 1,700 crore, the remaining burden will fall on the prospective investors.
If the lenders fail to find any buyer the only option left will be to take Jet Airways to the National Company Law Tribunal (NCLT) and start insolvency proceedings.
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