Resolution plan likely to bring ₹4,000-crore funding for the beleaguered airline
Key stakeholders of Jet Airways including Etihad Airways, Naresh Goyal and the lenders seem to have cobbled up a resolution plan which could result in an interim fresh funding of ₹ 4,000 crore into the beleaguered airline in addition to fresh equity infusion.
This includes ₹ 750 crore interim financing by Etihad and another ₹ 750 crore by the lenders, according to sources close to the development. Shares worth 34.9 per cent stake in Jet Privilege Private Limited — the loyalty rewards programme of Jet Airways — is likely be pledged equally to Etihad and the lenders to secure the interim funding. Ministry of Civil Aviation has already approved for the pledging of Jet Airways’ shares in Jet Privilege.
Change in shareholding
