Jet Airways seeks $350 million soft loan from Etihad
Updated : December 07, 2018 07:52 AM IST
The Abu Dhabi-based Etihad had come to the rescue of the Naresh Goyal-controlled airline during the earlier downturn too.
In 2013, it had acquired 24 percent stake in Jet Airways for Rs 2,060 crore, besides extending low-interest loan of $150 million as well as purchasing 50.1 percent stake in its loyalty programme JetPrivilege.
"Jet Airways has sought $350 million soft loan from Etihad even as its discussions with the Gulf carrier continue for selling additional stake," the source privy to the development told PTI.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more