Gulf carrier Etihad has re-entered the fray to pick up a stake in beleaguered Jet Airways and will compete with two “unsolicited bids” that were submitted to State Bank of India on Friday.
“Etihad has confirmed its interest to re-invest in a minority stake in Jet Airways, subject to conditions. Etihad has been working consistently with key stakeholders in India over the past 15 months to help find a solution which would ensure Jet’s return as a viable and competitive Indian airline, and continues to do so,” said an Etihad spokesperson.
Gulf carrier Etihad has re-entered the fray to pick up a stake in beleaguered Jet Airways and will compete with two “unsolicited bids” that were submitted to State Bank of India on Friday.
“Etihad has confirmed its interest to re-invest in a minority stake in Jet Airways, subject to conditions. Etihad has been working consistently with key stakeholders in India over the past 15 months to help find a solution which would ensure Jet’s return as a viable and competitive Indian airline, and continues to do so,” said an Etihad spokesperson.
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