Rs 3,000 cr funds to be infused into Jet Airways

Loss-making Jet Airways is likely to receive fund infusion worth over Rs 3,000 crore post debt-rejig and investments by Etihad Airways as well as National Investment and Infrastructure Fund (NIIF) while founder Naresh Goyal might remain the promoter with less than half of the existing majority stake of 51 per cent, according to sources.
Rs 3,000 cr funds to be infused into Jet Airways

New Delhi

While the final contours of debt-restructuring and consequent changes are being worked out, an analyst said that Etihad Airways should come as the main driver for Jet Airways as lenders and shareholders would not be able to bring in much value addition.

Abu Dhabi-based Etihad, which currently owns 24 percent in the full service carrier, is a strategic partner and is expected to pump in around Rs 1,400 crore, sources said.

On February 14, Jet board approved a Bank-Led Provisional Resolution Plan whereby lenders would become the largest shareholders in the airline.

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