Flying away: Why Etihad won\'t invest in debt-laden Jet Airways anymore

Flying away: Why Etihad won't invest in debt-laden Jet Airways anymore

Etihad is neither in a position nor in a mood to repeat history by injecting more cash into Jet or helping Goyal as it did earlier, even if he were to cede control

Surajeet Das Gupta  |  New Delhi 

In 2016, Etihad Airways decided on a marketing plan to support fashion week across 17 cities globally and invited its seven airline partners to be co-sponsors. Air Berlin joined Etihad in hosting the Mercedes-Benz Fashion Week and Alitalia joined in with Milan Fashion Week.

Its other partner, Jet Airways, was invited to come on board as a co-sponsor for Lakmé Fashion Week. “No thanks,” said Jet CEO Naresh Goyal. The anecdote is told by a former Jet executive to illustrate Goyal’s dislike for tagging along with Etihad and his determination to chart an ...

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First Published: Mon, March 25 2019. 01:54 IST