Abu Dhabi's Etihad Agrees to Rescue India's Jet Air, Reports Say

Jet Airways, India's second-largest airline by passengers, is facing financial difficulties and has defaulted on loans. To address this, it seeks additional funding from its equity partner, Etihad Airways, which may increase its stake to 49%. Negotiations with various investors, including Tata and Middle Eastern billionaires, have been unsuccessful. A key condition for investment is the resignation of founder Naresh Goyal. Efforts are underway to structure a deal to revive the airline, with the Indian government keen to prevent another airline collapse.

What is the primary reason for Jet Airways' financial difficulties?

• Loan defaults and cash shortages

• Poor customer service

• High fuel prices

• Increased competition

Which company is considering increasing its stake in Jet Airways?

• Air India

• Tata Group

• Etihad Airways

• Middle Eastern billionaires

What condition have investors set for their investment in Jet Airways?

• Reduction in flight routes

• Hiring more staff

• Increase in ticket prices

• Naresh Goyal stepping down

Who is Naresh Goyal?

• Middle Eastern billionaire

• Indian government official

• Founder and Chairman of Jet Airways

• CEO of Etihad Airways

What is the Indian government's stance on Jet Airways' situation?

• Indifferent to the airline's fate

• Encouraging a merger with Air India

• Keen on the airline's revival

• Planning to nationalize the airline