{"id":261912,"date":"2019-03-01T06:06:01","date_gmt":"2019-03-01T06:06:01","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=261912"},"modified":"2019-03-01T06:06:01","modified_gmt":"2019-03-01T06:06:01","slug":"jet-airways-crisis-etihad-not-to-infuse-funds-till-resolution-approval","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jet-airways-crisis-etihad-not-to-infuse-funds-till-resolution-approval\/","title":{"rendered":"Jet Airways crisis: Etihad not to infuse funds till resolution approval"},"content":{"rendered":"<p>Etihad Airways is unwilling to infuse any funds in the interim in Jet Airways. Sources said the Abu Dhabi-based airline, which has a 24% stake in Jet, has decided to infuse funds only after a bank-led resolution plan (BLRP), which is being piloted by State Bank of India, is finalised and approved. Meanwhile, Jet Airways founder Naresh Goyal has agreed to step down as chairman of the airline\u2019s board.<\/p>\n<p>Etihad\u2019s stance was conveyed to the bankers and Jet Airways at a meeting called by SBI on Wednesday in which Etihad\u2019s CEO Tony Douglas and Jet\u2019s chairman Naresh Goyal were also present. The meeting was held by SBI chairman Rajneesh Kumar.<\/p>\n<p>While Etihad did not agree to most of the points put forward by the lenders, sources said Goyal was agreeable on most the points.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Etihad Airways is unwilling to infuse any funds in the interim in Jet Airways. Sources said the Abu Dhabi-based airline, which has a 24% stake in Jet, has decided to infuse funds only after a bank-led resolution plan (BLRP), which is being piloted by State Bank of India, is finalised and approved. Meanwhile, Jet Airways founder Naresh Goyal has agreed to step down as chairman of the airline\u2019s board. Etihad\u2019s stance was conveyed to the bankers and Jet Airways at a meeting called by SBI on Wednesday in which Etihad\u2019s CEO Tony Douglas and Jet\u2019s chairman Naresh Goyal were also [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[196,130,138],"tags":[],"class_list":["post-261912","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/261912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=261912"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/261912\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=261912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=261912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=261912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}