{"id":263497,"date":"2019-03-12T05:14:25","date_gmt":"2019-03-12T05:14:25","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=263497"},"modified":"2019-03-12T05:14:25","modified_gmt":"2019-03-12T05:14:25","slug":"jet-airways-crisis-naresh-goyal-seeks-%e2%82%b9750-crore-in-funding-from-etihad","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jet-airways-crisis-naresh-goyal-seeks-%e2%82%b9750-crore-in-funding-from-etihad\/","title":{"rendered":"Jet Airways crisis: Naresh Goyal seeks \u20b9750 crore in funding from Etihad"},"content":{"rendered":"<p>MUMBAI: Mumbai: Jet Airways (India) Ltd&#8217;s outgoing chairman Naresh Goyal has sought an urgent funding of \u20b9750 crore from equity partner Etihad Airways PJSC, citing &#8220;the very precarious&#8221; position of the airline. The move comes amid the airline&#8217;s lingering cash flow issues, which got amplified after the forced grounding of over 50 of its planes.<\/p>\n<p>In a letter to Etihad chief executive Tony Douglas, Goyal said Jet Airways has secured the go-ahead from the aviation ministry to pledge its shares in Jet Privelege Pvt. Ltd for securing the interim funding. Jet Airways holds 49.9% stake in the loyalty programme, while the majority is with Etihad.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Mumbai: Jet Airways (India) Ltd&#8217;s outgoing chairman Naresh Goyal has sought an urgent funding of \u20b9750 crore from equity partner Etihad Airways PJSC, citing &#8220;the very precarious&#8221; position of the airline. The move comes amid the airline&#8217;s lingering cash flow issues, which got amplified after the forced grounding of over 50 of its planes. In a letter to Etihad chief executive Tony Douglas, Goyal said Jet Airways has secured the go-ahead from the aviation ministry to pledge its shares in Jet Privelege Pvt. Ltd for securing the interim funding. Jet Airways holds 49.9% stake in the loyalty programme, while [&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":[188,139,130],"tags":[],"class_list":["post-263497","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/263497","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=263497"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/263497\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=263497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=263497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=263497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}