Jet Airways Tumbles 5%: Etihad Airways Has Submitted A Non-Binding Bid

Jet Airways tumbles 5%: Etihad Airways has submitted a non-binding bid for Jet Airways, CNBC-TV18 reported. Etihad, which holds 24 percent stake in Jet Airways, has confirmed its bid.

"Etihad has been working consistently with key stakeholders in India over the past 15 months to help find a solution which would ensure Jet’s return as a viable and competitive Indian airline, and continues to do so," CNBC-TV18 report quoting the airline.

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