Etihad interested in re-investing in Jet Airways subject to conditions

Etihad Airways is interested in re-investing in embattled Indian carrier Jet Airways for a minority stake, subject to certain conditions, a spokesman for the Middle Eastern carrier said on Friday.

"Etihad re-emphasises that it cannot be expected to be the sole investor, and that, amongst other requirements, additional suitable investors would need to provide the majority of Jet Airways` required recapitalisation," the spokesman said in a statement.

State Bank of India, Jet`s main lender, has invited binding bids for a stake in the airline that is saddled with roughly $1.2 billion in bank debt. All binding bids were to be submitted by 1800 IST (1230 GMT) on Friday.