Jet Airways likely to receive fund infusion of Rs 3,000 crore
18th Feb 2019

Jet Airways is likely to receive fund infusion worth over Rs 3,000 crore post debt-rejig and investments by Etihad Airways as well as National Investment and Infrastructure Fund (NIIF). On the other hand, founder Naresh Goyal might remain the promoter with less than half of the existing majority stake of 51%.

After receiving approval from shareholders, during their meeting scheduled for February 21, part of debt would be converted into 11.4 crore shares at a consideration of Re 1 apiece as per RBI norms. Abu Dhabi-based Etihad, which currently owns 24 percent in the full service carrier, is a strategic partner and is expected to pump in around Rs 1,400 crore. 

Jet Airways is India’s premier international airline, which operates flights to India and overseas. The company’s robust domestic India network spans the length and breadth of the country covering metro cities, state capitals and emerging destinations.