UAE – Mubasher: Etihad Airways announced that it will not reinvest in the Indian bankrupt carrier, Jet Airways, due to “unresolved issued” regarding the collapsed company’s liabilities, according to Reuters
Since the Etihad’s acquisition of a 24% stake in Jet, the Emirati company has sought solutions for the grave challenges facing the Indian airline, the international news agency reported.
Last week, Jet invited investors to express interest in the company, setting the deadline to be 10 August.
In January, Etihad Airways announced that it has doubled its stake in Jet Airways to 49%.
