MUMBAI – Lenders and controlling shareholders of debt-laden Jet Airways are in talks with investors to bring them on board as a last-ditch effort to save one of India’s largest airlines, while reports claimed that major shareholder Etihad Airways would seek to exit if its conditions were not met.
The airline, controlled by non-resident Indian businessman Naresh Goyal, has cancelled about a third of its fleet and is facing severe pressure from employees, agitated passengers, as well as lessors. Pilots have threatened to stop flying from April 1 if their salaries are not paid by the end of March.
