Etihad offers to sell its 24% stake in Jet Airways to SBI: Reports

Jet Airways' strategic partner Etihad Airways is reportedly offering to sell its entire 24% stake in the cash-strapped airline to State Bank of India (SBI). The Abu Dhabi-based carrier's CEO Tony Douglas has asked the lender to buy the stake for about ₹400 crore, reports stated. He has also offered Etihad's 50.1% stake in Jet's loyalty programme, JetPrivilege, reports added.