Re-invest In Jet’s Minority stake- Etihad
The two voluntary bids will be completed by Etihad, Gulf Carrier, to re-enter the competition to pick up a stake in, already pressured Jet airlines, all these were submitted to the State Bank of India on Friday.
Etihad is a Gulf airline, whose spoke person reported that the Gulf airlines have been watching closely and working constantly with the major stakeholders in India over past one and a half year, all this is to ensure to helping in finding a solution which would help jet airway. The help for ensuring that Jet returns as a competitive airline in India.
However, there are under some conditions under which Etihad has confirmed its interest in re-investing in a minority stake at Jet Airways. The Abu Dhabi based airlines have made it very clear that it cannot be a sole investor and would need in more viable investors to provide the majority of Jets re-capitalization.
With the three bids SBI chairman, needs to make a decision, however with the election results so close the deal decision might be made by the new government.