Naresh Goyal seeks Rs 750-cr lifeline from Etihad, warns delay may ground Jet Airways
On February 14, the airline's board had approved a debt recast plan whereby the lenders would become the largest shareholders in the airline by converting the debt into equity at a nominal price of Re 1.
The airline holds 49.9 percent stake in the loyalty programme, while the majority is with Etihad. Image source: PTI