{"id":265205,"date":"2019-03-20T05:16:32","date_gmt":"2019-03-20T05:16:32","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=265205"},"modified":"2019-03-20T05:16:32","modified_gmt":"2019-03-20T05:16:32","slug":"with-a-formal-offer-to-sbi-etihad-seeks-to-fly-out-of-jet","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/with-a-formal-offer-to-sbi-etihad-seeks-to-fly-out-of-jet\/","title":{"rendered":"With a formal offer to SBI, Etihad seeks to fly out of Jet"},"content":{"rendered":"<p>NEW DELHI: Jet Airways\u2019 financial problems took a turn for the worse on Tuesday with partner Etihad formally asking State Bank of India to purchase its stake in the airline and the pilots\u2019 union threatening to strike work from April 1 if salary arrears are not cleared. <\/p>\n<p>The Abu Dhabi-based airline, which owns about 24% in Jet, has been a reluctant participant in discussions to resolve Jet\u2019s financial woes. Etihad conveyed to SBI its decision to exit Jet in a meeting on Monday. <\/p>\n<p>People close to the situation said Etihad wants SBI to buy out its stake and also take over its liabilities in the form of a guarantee for Jet\u2019s loan from HSBC Dubai. Etihad has also offered its 50.1% stake in Jet Privilege to SBI. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Jet Airways\u2019 financial problems took a turn for the worse on Tuesday with partner Etihad formally asking State Bank of India to purchase its stake in the airline and the pilots\u2019 union threatening to strike work from April 1 if salary arrears are not cleared. The Abu Dhabi-based airline, which owns about 24% in Jet, has been a reluctant participant in discussions to resolve Jet\u2019s financial woes. Etihad conveyed to SBI its decision to exit Jet in a meeting on Monday. People close to the situation said Etihad wants SBI to buy out its stake and also take [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-265205","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/265205","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=265205"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/265205\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=265205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=265205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=265205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}