Will Etihad Airways be second time lucky if it wins the bid for acquiring Jet Airways? On the positive side for Etihad, Jet promoter Naresh Goyal with whom it had a tumultuous relationship, will not be in the driver’s seat as he has been ousted from the board and might end up with only a small stake in Jet.
In 2013, Etihad bailed Goyal out when he sank into a financial mess by taking a 24 per cent stake in Jet for $397 million. Then, Goyal was not only not ready to play ball with Etihad, he charted out an