UAE-based airliner Etihad Airways has reportedly approached the SBI-led consortium of banks, showing interest to enter the bidding process for Jet Airways. The major lender for Jet said that Etihad is looking to buy additional 37% stake in the airline, which will increase their total equity to 49%. The bank said that American investment firm, TPG Capital has also shown interest in the debt-laden carrier and may bid with a partner or a strategic buyer.
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