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Jet Airways board is understood to have agreed on additional fund raising. While the Naresh Goyal-led airline refused to comment, industry sources said that some agreement has been cobbled up to ease the financial stress on the company.
On Wednesday, the airline held a board meeting at its Mumbai headquarters. According to sources, all board members and Naresh Goyal had flown down to Mumbai for the meeting.
Issues related to fund raising and the current health of the airline were discussed and the board, the sources said, approved the additional raising of funds.
Currently, Etihad Airways owns 24 per cent stake in the airline. In November, Jet Airways CEO Vinay Dube had said that the airline was in talks with multiple investors for fund infuson.
There are rumours that the airline had asked for a soft loan of $350 million from its investment partner. There is also speculation that Tata Sons is to invest in the airline. However, in a statement, the company said that the talks were “preliminary” and no “proposal was made” to the airline.
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