Etihad requests Jet Airways lenders to take an 80% haircut on debt

Etihad requests Jet Airways lenders to take an 80% haircut on debt

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 has asked lenders to Jet Airways (India) Ltd to take an 80% haircut on their debt to the grounded airline for the Abu Dhabi-based carrier to make a bid, a person directly aware of the matter said.

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