India's Jet Airways Working With Banks on Bailout Plan

Jet Airways is in talks with lenders and Etihad Airways to find a resolution to revive the airline. The company has acknowledged potential changes in its board of directors, indicating that Naresh Goyal may step down. Options for Jet Airways include seeking investment from Etihad, negotiating with Tata Group, and pledging shares to raise funds. The airline is facing a cash crunch and is exploring various strategies to secure its future.

How much equity does Etihad Airways currently own in Jet Airways?

What is the financial situation of Jet Airways as mentioned in the text?