Etihad may exit from Jet Airways where it currently holds a 24% stake, source with direct knowledge of the developments told FE. Sources said that the Abu Dhabi-based carrier is willing to exit provided it is given the value of the current trading price of Jet.
The airline’s board, which met in Abu Dhabi earlier this month to take a call on the bank-led provisional resolution plan, has not given a go ahead for the same, leaving the investors and the banks guessing on its stand on recapitalisation of Jet.
