At the EGM, the Naresh Goyal-led Jet Airways managed to get votes of 98 per cent of shareholders. The proposals included allowing lenders to convert debt to equity.
Minority shareholders have raised concerns over Etihad Airways’ absence at the EGM of Jet Airways on Friday.
Arvind Gupta, whistle-blower activist and minority shareholder of Jet Airways, who was present at the meeting, said, “I had raised questions on Etihad Airways, Jet Airways and the future of the SBI. However, the board’s representatives said questions about Etihad and SBI were irrelevant to fit the EGM.”
According to one source, Etihad Airways did not even cast its vote as the airline needed clarity on investment plans.
