{"id":56824,"date":"2019-03-12T11:23:27","date_gmt":"2019-03-12T11:23:27","guid":{"rendered":"http:\/\/blastingskyhawk.com\/?p=56824"},"modified":"2019-03-12T11:23:28","modified_gmt":"2019-03-12T11:23:28","slug":"goyal-seeks-rs-750-cr-lifeline-from-etihad","status":"publish","type":"post","link":"https:\/\/blastingskyhawk.com\/english\/goyal-seeks-rs-750-cr-lifeline-from-etihad\/","title":{"rendered":"Goyal seeks Rs 750-cr lifeline from Etihad"},"content":{"rendered":"\n<p>Jet Airways\u2019 chairman Naresh Goyal has sought an urgent funding of Rs 750 crore from its equity partner Etihad, citing \u201cthe very precarious\u201d position of the airline following the lingering cash flow issues which got amplified after the forced grounding of over 50 of its planes.<\/p>\n\n\n\n<p>In a letter to the Gulf-based carrier\u2019s group chief executive Tony Douglas, Goyal also said the airline has also secured the go-ahead from the aviation ministry to pledge its shares in JetPrivelege for securing the interim funding.The airline holds 49.9% stake in the loyalty programme, while the majority is with Etihad. <\/p>\n\n\n\n<p>\u201cI now look forward to your support and cooperation in saving the airline by an urgent fund infusion of Rs 750 crore by early next week, so that a matching contribution from banks is also disbursed, as per the resolution plan,\u201d Goyal said in the letter dated March 8.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Jet Airways\u2019 chairman Naresh Goyal has sought an urgent funding of Rs 750 crore from its equity partner Etihad, citing \u201cthe very precarious\u201d position of the airline following the lingering cash flow issues which got amplified after the forced grounding of over 50 of its planes. In a letter to the Gulf-based carrier\u2019s group chief [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":56825,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-56824","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/56824","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=56824"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/56824\/revisions"}],"predecessor-version":[{"id":56826,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/56824\/revisions\/56826"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/56825"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=56824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=56824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=56824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}