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Naresh Goyal, Etihad close to Jet resolution plan; outcome likely in a week

Jet Airways and Etihad have agreed upon an interim financing plan, according to which Etihad will put in Rs 750 cr, and a matching amount will be provided by the Jet lenders

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Jet Airways

Surajeet Das Gupta Abhijit Lele New Delhi/Mumbai

4 min read Last Updated : Mar 16 2019 | 2:23 AM IST

Jet Airways promoter Naresh Goyal and his joint venture partner Etihad Airways are close to hammering out an agreement on the banks-led resolution plan and the outcome is expected within a week, sources in the know said.

“We are hopeful that Jet Airways will have a resolution in a week. Intense negotiations are going on. It is our desire that the airline keeps running — that is the fundamental difference between Jet and other NPA (non-performing asset) accounts,” a senior executive of one of the banks involved in the restructuring of the airline said. The banker added that they were working

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