Jet Airways case: SBI’s no to Etihad’s demands for open offer waiver, slots
NEW DELHI: State-run SBI Friday said Etihad Airways had sought waiver of open offer and assurance of flying slots for take over of Jet Airways, but the lenders to the debt-ridden carrier had no authority to accommodate the relaxations sought. State Bank of India (SBI) chairman Rajnish Kumar had on Thursday defended the lenders’ decision […]
Etihad nominee on Jet Airways board Robin Kamark quits
NEW DELHI: Grounded carrier Jet Airways on Friday said Etihad nominee director on the airline’s board, Robin Kamark, has quit the company with effect from May 16. After Kamark’s exit, only Ashok Chawla and Sharad Sharma remain on Jet Airways board, which ceased operations around mid-April. The Gulf-based Etihad, which acquired 24 per cent stake […]
Etihad, two others submit financial bid for Jet Airways
NEW DELHI: The State Bank of India-led consortium of lenders to Jet Airways Friday said it has received bids from Etihad Airways and from a few unsolicited parties to acquire stake in the grounded airline. The consortium of 26 lenders, which now owns 51 percent in the airline, had invited expressions of interest between April […]