Jet lenders make last push to find investors to pick up stake in airline

Hunt on for three investors to pick up 20% stake each in the ailing airline

Etihad Airways’ conditional offer to be a minority stakeholder in Jet Airways has thrown lenders into a tizzy. With little signs of any investor willing to buy 76 per cent, the lenders’ consortium led by State Bank of India has now initiated a process to find investors who could hold small stakes along with Etihad.

The lenders are of the opinion that the ownership of Jet Airways can be divided between three entities, each holding 20 per cent, while Etihad could keep 24 per cent. If the lenders fail to find such investors in the next few days, the only