Etihad quiet on interim funding plan; Jet Airways grounds four more planes

Jet grounds four more planes; Abu Dhabi airline may ask for time to mull over rescue deal

Etihad Airways has kept the Jet Airways rescue plan on hold even after a memorandum of understanding (MoU) between the two partners, it is learnt. In an indication that hurdles remain before the lenders-led resolution plan can be executed, the Etihad board did not take a decision on the proposed deal, especially on interim funding, in a meeting on Monday, sources in the know said. Jet Founder-Chairman Naresh Goyal, in a recent communication to Etihad group CEO Tony Douglas, had made it clear that the Abu Dhabi-based carrier must infuse Rs 750 crore urgently as planes were getting grounded and