{"id":263520,"date":"2019-03-12T05:17:55","date_gmt":"2019-03-12T05:17:55","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=263520"},"modified":"2019-03-12T05:17:55","modified_gmt":"2019-03-12T05:17:55","slug":"etihad-to-pull-jet-airways-out-of-crisis-with-help-of-a-new-investor","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/etihad-to-pull-jet-airways-out-of-crisis-with-help-of-a-new-investor\/","title":{"rendered":"Etihad to pull Jet Airways out of crisis, with help of a &#8216;new investor&#8217;"},"content":{"rendered":"<p>Mumbai: Etihad Airways PJSC and the Naresh Goyal-led promoter group of Jet Airways (India) Ltd are nearing an agreement that will see a total fund infusion of at least \u20b94,200 crore, including an unidentified white knight investing in the cash-strapped airline and Goyal and his wife giving up executive powers and board duties.<\/p>\n<p>The draft agreement envisages a \u201cnew investor&#8221; injecting between \u20b91,600 crore and \u20b91,900 crore for a stake of around 20% in the airline and the Goyal group\u2019s stake in Jet Airways falling to 17.1%, with a caveat that seeks to cap it at 22%. The consortium of lenders\u2014led by the State Bank of India that has converted its dues into equity\u2014will pump in an additional \u20b91,000 crore to take its eventual equity holding to 29.5%. Etihad will also infuse between \u20b91,600 crore and \u20b91,900 crore to raise its shareholding to 24.9%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Etihad Airways PJSC and the Naresh Goyal-led promoter group of Jet Airways (India) Ltd are nearing an agreement that will see a total fund infusion of at least \u20b94,200 crore, including an unidentified white knight investing in the cash-strapped airline and Goyal and his wife giving up executive powers and board duties. The draft agreement envisages a \u201cnew investor&#8221; injecting between \u20b91,600 crore and \u20b91,900 crore for a stake of around 20% in the airline and the Goyal group\u2019s stake in Jet Airways falling to 17.1%, with a caveat that seeks to cap it at 22%. The consortium of [&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-263520","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\/263520","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=263520"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/263520\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=263520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=263520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=263520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}