Etihad Airways and Jet Airways Wednesday dismissed reports by Indian media about the UAE airline's offer to buy more shares of the troubled Indian carrier in a $35m instant bailout deal as speculative. An Etihad spokesperson, when asked to comment on the reported offer to pick up shares of debt-laden Jet Airways at a 49% discount and to immediately release $35m to rescue the Indian carrier, said "Etihad does not comment on rumour or speculation." A Jet Airways spokesman said the carrier has undertaken a series of initiatives to enhance economic performance, efficiency and productivity that will ensure the long-term health of its business given the challenging aviation industry conditions against the backdrop of a rise in the Brent fuel price, a depreciating Rupee and a difficult pricing environment. On Wednesday, Jet Airways said in India that it is in talks with its lenders to resolve its debt problems. Representatives of the two airlines were due to meet with creditors, led by Jet's biggest lender State Bank of India, in Mumbai to discuss a proposal that involves Etihad increasing its stake.<br/>