Etihad says not feasible to reinvest in Jet, cites unresolved issues
Gulf carrier Etihad, which holds 24 per cent stake in Jet Airways, on Monday said it has decided not to reinvest in the airline due to unresolved issues concerning liabilities.
Jet Airways, which shuttered operations on April 17, is undergoing insolvency proceedings and at least three entities have put in initial bids for the carrier.
In a statement, Etihad said it declined to lodge an Expression of Interest (EoI) to reinvest in Jet Airways because of unresolved issues concerning the airline’s liabilities.
The deadline for submission of EoIs was August 10.
