Stayed away from reviving Jet due to its past liabilities, says partner Etihad

Jet Airways’ 24% stakeholder Etihad on Monday said it did not participate in the grounded airline’s revival process due to “unresolved issues concerning Jet’s liabilities”. It also said that while there was an “agreed partner” — possibly referring to a leading UK-based NRI business house — to re-invest in Jet, “unfortunately this did not materialise” due to “significant issues relating to Jet’s previous liabilities”.

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