Jet Airways to get US$35m bailout from Etihad
Sources in the aviation industry in Abu Dhabi have confirmed that Etihad Airways has green lighted JPPL, Jet's Frequent Flyer Programme which is majority-owned by Etihad, to enter into an agreement that will provide Jet immediate liquidity of US$35m to help it meet some of its current obligations including staff salaries. Informed sources in Abu Dhabi confirmed the multi-million dollar boon would help ease the embattled airline's financial woes that include defaults on salaries of Jet Airways employees. As part of this proposal, Etihad Airways has agreed to approve an agreement which allows for Jet Privilege pre-purchase discounted mileage redemption seats from Jet Airways, providing Jet with a windfall of $35m. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-10-05/eap/jet-airways-to-get-us-35m-bailout-from-etihad
https://portal.staralliance.com/cms/logo.png
Jet Airways to get US$35m bailout from Etihad
Sources in the aviation industry in Abu Dhabi have confirmed that Etihad Airways has green lighted JPPL, Jet's Frequent Flyer Programme which is majority-owned by Etihad, to enter into an agreement that will provide Jet immediate liquidity of US$35m to help it meet some of its current obligations including staff salaries. Informed sources in Abu Dhabi confirmed the multi-million dollar boon would help ease the embattled airline's financial woes that include defaults on salaries of Jet Airways employees. As part of this proposal, Etihad Airways has agreed to approve an agreement which allows for Jet Privilege pre-purchase discounted mileage redemption seats from Jet Airways, providing Jet with a windfall of $35m. <br/>
