A rescue plan for troubled Jet Airways has hit a roadblock with proposed white knight and minority shareholder Etihad Airways imposing stiff conditions, and lenders not taking any chances. Shares of Jet Airways fell 8% after Etihad’s tough stipulations came to light.
After a board meeting, Jet said a resolution plan is under “active discussion” among stakeholders and various options are “yet to be crystallised and agreed to by stakeholders in the best interests of the company”. It has a debt of Rs 8,000 crore and delayed payment of interest and principal in December. 
 

A rescue plan for troubled Jet Airways has hit a roadblock with proposed white knight and minority shareholder Etihad Airways imposing stiff conditions, and lenders not taking any chances. Shares of Jet Airways fell 8% after Etihad’s tough stipulations came to light.
After a board meeting, Jet said a resolution plan is under “active discussion” among stakeholders and various options are “yet to be crystallised and agreed to by stakeholders in the best interests of the company”. It has a debt of Rs 8,000 crore and delayed payment of interest and principal in December.