India’s Business Standard reports Jet stakeholders, which include Etihad, Hinduja Group and State Bank of India (SBI), failed to make headway on a potential joint ownership agreement during a meeting at Etihad’s Abu Dhabi headquarters on Thursday (23 May).
Etihad owns a 24% stake in Jet, while SBI is understood to have picked up a controlling stake when its long-standing chairman Naresh Goyal stood down in March.
Hinduja Group, though, Indian newspaper Business Standard reports, is unwilling to take more than a 20% stake.
It remains unclear whether the talks will seek to revive all Jet Airways’ operations, or just its domestic network in India.
