MUMBAI: Etihad Airways has formally communicated its intent to raise its stake in Jet AirwaysNSE -3.50 %, ending months of uncertainty over its commitment to remain invested in one of the world’s fastest-growing aviation markets.
The Abu Dhabi-based airline submitted its expression of interest (EoI) on Thursday, said three people in the know. The development spells relief for Jet’s lenders, who have been struggling to save the sinking carrier that was forced to take the unprecedented step of cancelling all international operations on Thursday evening.
