New Delhi, Feb 25 () Jet Airways and Etihad Airways Monday said they along with key financial stakeholders are working towards finalisation of bank-led provisional resolution plan for the debt-laden domestic airline.
In a joint statement, the two carriers expressed confidence that once the plan is implemented, the Jet Airways would “re-emerge as a viable and robust airline to reclaim its rightful place as airline of first choice for its customers”.
The joint statement has been issued by Jet Chairman Naresh Goyal and Etihad Airways CEO Tony Douglas.
Jet Airways has been grappling with financial woes and is looking to rejig debt as well as raise funds. Shareholders of the airline have approved conversion of loans into equity and other proposals last week.
