Etihad Airways to buy bonds to help Jet Airways recast debt

Etihad Airways to buy bonds to help Jet Airways recast debt

Jet Airways (India) cheif Naresh Goyal. Etihad has floated a special purpose vehicle to buy bonds worth Rs738 crore out of a non-convertible debenture (NCD) sale of around Rs1,000 crore planned by the Indian airline. Photo: Mint

A special purpose vehicle (SPV) floated by Abu Dhabi’s Etihad Airways PJSC will buy bonds worth Rs.738 crore out of a non-convertible debenture (NCD) sale of around Rs.1,000 crore planned by Jet Airways (India) Ltd, two people close to the development said.

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