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 conditions did investors set for the Jet Airways board?

Why is the Indian government interested in the revival of Jet Airways?