Abu Dhabi’s sovereign wealth fund, Mubadala Investment, has emerged as a possible saviour of Jet Airways which has been struggling to find investors who will pump in money to revive the airline that ceased operations more than a month ago.
Abu Dhabi-based Etihad, which holds 24 per cent in Jet and willing to partially commit itself to a plan to rescue the carrier, is hoping to bring Mubadala on board as a partner.
Jet on Thursday said it would be unable to declare the financial results for 2018-19 for now given the current bidding process and the resignations of key managerial personnel.
