A Jet Airways plane is parked as another moves to runway at the Chhatrapati Shivaji International airport in Mumbai, India, February 14, 2018. REUTERS/Danish Siddiqui
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Etihad Airways PJSC has agreed to lead a rescue of cash-strapped Jet Airways India Ltd. in a move that will see the Abu Dhabi-based carrier double its stake to 49 percent, according to television reports. Etihad is in talks to lift its holding from the current 24 percent, India's BTVI channel reported Monday, citing unidentified people familiar with the matter.CNBC-TV18 said Jet founder Naresh Goyal's stake could drop to 20 percent from 51 percent and that he'll stand down as chairman.People with knowledge of the matter said last week that the airline was seeking funds from investors including Etihad.
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