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Etihad Bids For Embattled Jet Airways, But Uncertainty Still Looms As Offer Subject To Conditions
Etihad said that they would want to hold a minority stake (less the 50 per cent) in Jet Airways. (representative image) (image via Facebook)
Out of four qualified parties-TPG, Indigo Partners, Etihad Airways and NIIF to submit bids for the fallen Jet Airways, only Etihad Airways has submitted a proposal, the First Post reports.
While the bid to invest from the UAE based airline comes as a relief, the airline has released a statement with conditions.
In the past, Etihad had shown interest to invest in the airways but was denied a waiver to make an open offer to acquire shares in the open market which they had requested. This time, Etihad said that they would want to hold a minority stake (less the 50 per cent) in Jet Airways.
The bid and statement from Etihad Airways leave many questions unanswered and also shifts the burden of finding other investment partners on to lenders and investment bankers.
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