Etihad wants to participate in Jet Airways’ insolvency process

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.