Jet Airways crisis: TPG, Etihad likely to enter bidding process, says report | Editorji
  1. home
  2. > business
  3. > Jet Airways crisis: TPG, Etihad likely to enter bidding process, says report
replay trump newslist
up NEXT IN 5 SECONDS sports newslist
tap to unmute
00:00/00:00
NaN/0

Jet Airways crisis: TPG, Etihad likely to enter bidding process, says report

Mar 28, 2019 18:29 IST

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.