Etihad in talks to increase stake in beleaguered carrier Jet Airways

Etihad can increase its stake in Jet by another 25 per cent to take it up to 49 per cent - the foreign direct investment cap for foreign airlines

Troubled carrier Jet Airways has once again started negotiations with its joint venture partner Etihad Airways for a possible bailout. Etihad, which holds 24 per cent in the Naresh Goyal-led airline, is exploring whether to increase its stake in the venture, it is learnt. Meanwhile, Jet is looking at selling part of its 49 per cent stake in its loyalty programme, Jet Privilege, to Etihad.

To take the talks further, a meeting between Jet Airways founder and chairman Goyal and the top management of the West Asian carrier has been planned abroad. 

Etihad can increase its stake in Jet by