Etihad makes a conditional offer on Jet Airways

default_image

© Khunaspix Dreamstime.

By Alex Lennane

13/05/2019

The Jet Airways saga rumbles on. Etihad, which already has a 24% stake, has made an offer – but it doesn’t want to be a lonely investor. It’s insisting the banks find others. So far there have been one “serious” and two unsolicited bids – State Bank of India officials will meet today to consider Etihad’s offer, and see if there is anything else on the table. CargoForwarder has covered the latest twists and turns of this sorry tale, including detail on staff emptying lockers and hoardings coming down.

Read more...

Comment on this article

You must be logged in to post a comment.

Topics

Bankruptcy Blues Etihad Jet Airways Beijing Daxing International Airport China Dubai Multi Commodities Centre Etihad Cargo SF Airlines UAE

Most Read

MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'

Urgent call for breakdown of cargo onboard as General Average declared on Dali

Hong Kong drops out of world's top 10 busiest container ports

Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker

Flexport is 'back on track' – now it needs to start growing again

Bottlenecks and price hikes as airlines now avoid Iran airspace

Capture of MSC Aries will further drive up Indian export costs

Iran may now pose a threat to multimodal supply chains via Dubai

Cargo flows through Dubai delayed by flooding, with 300 flights cancelled

Carriers look to short-term gains over blanking, as Red Sea crisis props up rates

How crazy is this: DSV goes hostile on Expeditors or CH Robinson?

Looks like rain: Panama Canal Authority eyes return to normal service

EXCLUSIVE: Kuehne + Nagel shockwaves in APAC

Sustainability concerns don't show on shippers' procurement radar

Talk of Schenker, Flexport et al – and a meagre lunch for forwarders

CMA CGM Air Cargo finally launches transpac services