Seen as the white knight for ailing Jet Airways (India) Ltd, Etihad Airways PJSC seems to have hit the pause button on equity infusion talks and has sought clarity on several contentious issues, two people familiar with the matter said, requesting anonymity.
The recent developments are part of the ongoing negotiations between the two companies and, if the talks fall through, it is expected to cast a shadow on the prospects of Jet Airways’ revival. The airline continues to fight concerns and allay fears of its employees, pilots and investors.
Etihad has not been able to find a local partner to replace Jet’s founder-chairman Naresh Goyal, who will have to step down if Etihad invests in the airline, according to the people mentioned above.
