Etihad to rescue India's Jet Airways with the help of 'white knight'

Etihad to rescue India's Jet Airways with the help of 'white knight'

A Jet Airways India Ltd. aircraft prepares to land at Chhatrapati Shivaji International Airport in Mumbai, India, on Monday, July 10, 2017. Photographer: Dhiraj Singh/Bloomberg

Etihad Airways PJSC and the Naresh Goyal-led promoter group of Jet Airways (India) Ltd are nearing an agreement that will see a total fund infusion of at least ₹4,200 crore, including an unidentified white knight investing in the cash-strapped airline and Goyal and his wife giving up executive powers and board duties.

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