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  • Abu Dhabi's Etihad Airways reports $1.7 billion loss in 2020 Mar 04, 2021 06:56 PM IST

    Abu Dhabi's Etihad Airways reports $1.7 billion loss in 2020

    Etihad reported revenues of $2.7 billion in 2020 compared to $5.6 billion the year before, a precipitous decline it attributed to “drastically fewer people traveling” as the surging pandemic crippled air travel.

  • Etihad Airways now gives you 50% of your flight ticket cost back as travel voucher Jun 10, 2020 09:55 PM IST

    Etihad Airways now gives you 50% of your flight ticket cost back as travel voucher

    Air travel across the world has drastically reduced amid the coronavirus pandemic and airlines have been taking various measures to improve cash flow.

  • Abu Dhabi's Etihad considers future without A380, A350 jets May 21, 2020 10:48 PM IST

    Abu Dhabi's Etihad considers future without A380, A350 jets

    Airlines around the world have been idling the double-decker plane because of the impact of the coronavirus crisis on air travel.

  • Latin American firm is newest bidder for Jet Airways: Here are its previous suitors Sep 04, 2019 07:40 AM IST

    Latin American firm is newest bidder for Jet Airways: Here are its previous suitors

    South American conglomerate Synergy Group Corp has expressed an interest in acquiring a majority stake in grounded Jet Airways.

  • 'Unresolved issues' behind no show in Jet, says Etihad Airways Aug 12, 2019 03:17 PM IST

    'Unresolved issues' behind no show in Jet, says Etihad Airways

    The airline continues to own three lots of Jet in Heathrow Airport, and also a substantial share in Jet Privilege.

  • Etihad Airways, Hinduja Group reopen talks to evaluate Jet Airways bid: Report Jul 22, 2019 10:49 AM IST

    Etihad Airways, Hinduja Group reopen talks to evaluate Jet Airways bid: Report

    The two companies are exploring funding requirements to pay creditors and revive the airline

  • Continue to work towards reviving Jet Airways, says Etihad Jun 11, 2019 03:08 PM IST

    Continue to work towards reviving Jet Airways, says Etihad

    A report suggested that Eithad and Hinduja Group have shelved plans to invest in Jet Airways

  • Etihad, Hindujas may back out of bid for Jet Airways Jun 11, 2019 10:04 AM IST

    Etihad, Hindujas may back out of bid for Jet Airways

  • Jet Airways: Etihad Airways may bring in Abu Dhabi sovereign fund as partner May 29, 2019 05:39 PM IST

    Jet Airways: Etihad Airways may bring in Abu Dhabi sovereign fund as partner

    Another source said that apart from Mubadala, India's sovereign fund NIIF could also come in to buy a minority stake in Jet.

  • From a professor to an aviation startup: Meet Jet Airways' newest bidders May 16, 2019 02:17 PM IST

    From a professor to an aviation startup: Meet Jet Airways' newest bidders

    These bidders submitted their offers for Jet Airways and the same will now be assessed by the lenders for viability and seriousness to revive the airline, which ended its operations on April 17

  • Jet Airways hits 52-week low, falls 4% May 15, 2019 10:32 AM IST

    Jet Airways hits 52-week low, falls 4%

    Etihad Airways, the second largest shareholder of Jet Airways, will retain the 24 percent stake in the beleaguered airline and will further pump in Rs 1,700 crore

  • Jet Airways falls 5% after Etihad emerges as the only non-binding bidder out of 4 suitors May 13, 2019 10:13 AM IST

    Jet Airways falls 5% after Etihad emerges as the only non-binding bidder out of 4 suitors

    "Etihad re-emphasises that it cannot be expected to be the sole investor, and that, amongst other requirements, additional suitable investors would need to provide the majority of Jet Airways’ required recapitalisation," an Etihad spokesperson said.

  • Etihad Airways confirms bid for Jet Airways, subject to conditions May 10, 2019 08:19 PM IST

    Etihad Airways confirms bid for Jet Airways, subject to conditions

    UAE-based carrier has been working with key stakeholders in India for the past 15 months to help find a solution to ensure Jet's return as a viable and competitive airline.

  • Exclusive | AdiGro Aviation to bid for Jet Airways; wants to partner Etihad to revive airline May 09, 2019 12:02 PM IST

    Exclusive | AdiGro Aviation to bid for Jet Airways; wants to partner Etihad to revive airline

    Its founder Chairman Sanjay Viswanathan clarified that Adi Partners is not in touch with Jet Airways founder Naresh Goyal or British entrepreneur Jason Unsworth as claimed

  • Emergency funding for Jet Airways put on hold until further clarity Apr 06, 2019 09:16 PM IST

    Emergency funding for Jet Airways put on hold until further clarity

    Bankers are concerned if the airline can maintain the current fleet to stay operational until new investors are found

  • Jet saga: Etihad Airways renews interest in beleaguered airline Apr 05, 2019 02:53 PM IST

    Jet saga: Etihad Airways renews interest in beleaguered airline

    Senior Etihad officials met executives of SBI, the lead lender of Jet.

  • Etihad to take a final call on Jet Airways on March 31: Report Mar 25, 2019 11:17 AM IST

    Etihad to take a final call on Jet Airways on March 31: Report

    Tony Douglas, CEO of Etihad, met State Bank of India (SBI) Chairman Rajnish Kumar on March 18 asking lenders to buy Etihad's entire 24 percent stake, should it decide to exit

  • Jet Airways Rescue Plan: Lenders to take control, Goyal asked to step down Mar 20, 2019 10:30 PM IST

    Jet Airways Rescue Plan: Lenders to take control, Goyal asked to step down

    Sources say Tata Sons have been approached to rescue Jet Airways

  • Jet Airways debt plan: All eyes on SBI as Etihad gives up Mar 20, 2019 11:02 AM IST

    Jet Airways debt plan: All eyes on SBI as Etihad gives up

    In absence of a solid plan B, and lack of emergency funding, Jet Airways may be forced to ground more flights. Banks fear the account may turn bad by March-end.

  • Jet Airways debt resolution: Etihad's Tony Douglas to meet SBI chief on March 18 Mar 18, 2019 03:14 PM IST

    Jet Airways debt resolution: Etihad's Tony Douglas to meet SBI chief on March 18

    Douglas, in an interview to IATA earlier this month, had said that Etihad doesn't want to continue with its equity alliance strategy going ahead

  • Another crisis brews at Jet Airways: Carrier stares at another $109m default Mar 15, 2019 02:30 PM IST

    Another crisis brews at Jet Airways: Carrier stares at another $109m default

    This is the second instalment of a $140-million loan that Jet Airways had taken in 2014, for which Etihad Airways was guarantor

  • Etihad Airways reports third consecutive loss as jobs, aircraft cut Mar 14, 2019 03:22 PM IST

    Etihad Airways reports third consecutive loss as jobs, aircraft cut

    The Abu Dhabi state-owned airline blamed challenging market conditions including higher fuel prices for a $1.28 billion loss in 2018, narrower than the $1.58 billion it lost in 2017.

  • Naresh Goyal may step down, but is far from deboarding Jet Airways Mar 12, 2019 11:11 AM IST

    Naresh Goyal may step down, but is far from deboarding Jet Airways

    Even after the resolution deal, the founder Chairman will continue to have a huge influence over the airline

  • Etihad may infuse Rs 1,600-1,900 cr in Jet Airways, say sources Mar 11, 2019 10:43 PM IST

    Etihad may infuse Rs 1,600-1,900 cr in Jet Airways, say sources

    Jet Airways, a full-service airline, has been grappling with acute financial crunch that has also forced it to ground many planes as well as delay payment of salaries and loan repayments.

  • SBI calls lenders' meeting with Jet Airways chairman Naresh Goyal, Etihad CEO Tony Douglas Feb 26, 2019 06:01 PM IST

    SBI calls lenders' meeting with Jet Airways chairman Naresh Goyal, Etihad CEO Tony Douglas

    The meeting, to be held at SBI's office in Mumbai, assumes significance amid differences persisting between Goyal, the lenders and Etihad, which has 24 percent stake in Jet Airways.

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