Dubai – Mubasher: Etihad Airways announced that it has agreed to double its stake in India's debt-laden Jet Airways to 49%.
The Abu Dhabi-based carrier will raise its stake as the Indian airline's founder and chairman Naresh Goyal gives up majority control of it, paving the way for the rescue of the cash-starved firm, Arabian Business reported on Monday, citing BTVI television channel.
Etihad currently holds a 24% stake in Jet Airways, and it is likely to have more say in the operations and management of the beleaguered carrier.
