Etihad Airways has offered to invest in debt-laden Indian carrier Jet Airways Ltd at 150 rupees ($2.11) per share, along with an immediate release of $35 million after certain conditions are met, CNBC-TV18 reported Wednesday. The offer comes at a staggering 49% discount to Jet’s closing price of 293.70 rupees on Tuesday. Etihad CE Tony Douglas has written to State Bank of India on the restructuring plan for the airline, the report said. Etihad, which owns 24 percent of Jet, wants exemption from the market regulator on preference pricing and open offer guidelines to invest more for the bailout, the report added. The letter stated the current situation of Jet Airways is “precarious” and the airline needs emergency funding, CNBC-TV18 said.<br/>
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A passenger is alleging that an American Airlines flight attendant punched him in the face and back of his head, resulting in traumatic brain injury and severe headaches, according to a new lawsuit. Gregory Lagana alleges that a flight attendant on flight 1798 from Charlotte, North Carolina, to Philadelphia on Jan. 5, 2018, pinned down his right arm and repeatedly punched him in the face and back of the head while he was seated with his seatbelt fastened. The lawsuit states Lagana suffered "scalp hematomas, abrasions, swelling, redness, bruising and defensive wounds to his hand," and he received care at Princeton Medical Center in New Jersey, including neurological, neurosurgical and chiropractic treatments. "As a result of the accident, plaintiff suffered severe, serious and permanent personal injuries, as well as mental and emotional injuries rendering him permanently and severely injured," according to the lawsuit filed in the US District Court for the District of New Jersey on Friday. The lawsuit contends American is liable for no less than approximately $161,000. American was issued a summons on Monday. <br/>