Etihad Submits Eoi For Crisis-hit Jet Airways, Naresh Goyal May Follow Suit | Business Standard News
The troubled airline cancels all international flights due to cash crunch. : Abu Dhabi-based Etihad Airways has submitted an expression of interest (EoI) to buy a stake in Jet Airways within weeks of wanting to exit the venture completely. Etihad holds a 24 per cent stake in the Naresh Goyal-founded airline, which is left with just 14 planes and minuscule flights. Struggling with a mounting debt of more than Rs 8,500 crore, Jet on Thursday cancelled all international operations along with several domestic flights.