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Etihad refuses to play ball with Naresh Goyal, Jet crisis deepens

4 views | Mar 19, 2019, 09:41:02 AM | TNN
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Etihad Airways refuses to step into the shoes of the promoter of the troubled carrier. So the crisis in Jet Airways deepened. In its meeting with lenders, the Gulf-based airline did not commit to hiking stake as it had several pre-conditions, outside the ambit of lenders, for taking the role of a promoter. Jet informed the stock exchanges that it will default on interest payments on its bonds, that are due on Wednesday, due to “temporary liquidity conditions”.