Etihad Airways has approached lenders on revival of Jet Airways, weeks after the National Company Law Tribunal (NCLT) approved the corporate insolvency resolution process (CIRP) against the now-defunct airline.
The Abu Dhabi-based airline is learnt to have expressed its intent to participate in Jet’s resolution process, a source aware of the development said.
Meanwhile, lenders asked Etihad to look for a majority Indian partner and make a formal bid that will be finally vetted and approved by the NCLT.
