Big boost for Jet Airways! $900 mn turnaround plan in offing, says report
Goyal and Etihad are likely to infuse $450 million together in Jet, while Indian lenders will restructure another $450 million of its debt, Mint quoted sources as saying. If the plan is approved by all stakeholders, it will result in Naresh Goyal`s stake falling below the current 51 percent, the report added.
Jet Airways and State Bank of India (SBI) did not immediately respond to Reuters` request for comment. Reuters