Naresh Goyal's son Nivaan Goyal also could be included as Non Executive Director.
Etihad Airways could save crisis-hit Jet Airways. According to Zee Media Bureau sources, Etihad Airways may increase its stake to 49% from current 24%. The sources further added that there are huge chances of Naresh Goyal and his wife's shares could witness siginificant reduction.
Naresh Goyal's son Nivaan Goyal also could be included as Non Executive Director.
After owning huge stacke, Etihad Airways would hold major say in decision making whereas Nivaan Goyal might not get major or special powers.
Meanwhile, troubled Jet Airways would present a repayment plan to its lenders as early as next week, its founder and chairman Naresh Goyal has assured bankers.
Goyal met State Bank of India chairman Rajnish Kumar at the bank's headquarters in Mumbai earlier this week and made this promise, a source familiar with the development said.
Bankers have made it clear to Jet management that they would recall the loans extended to the airline, which is rapidly running out of cash, if they don't get a credible repayment proposal at the earliest, the source said.This will include stake sale or getting a strategic investor on board.
Recalling the loans would effectively mean that within a fixed date, Jet would have to repay the debt to the banks or face liquidation. SBI, which has a Rs 2,000 crore exposure to the airline, is the leading the consortium of banks in the negotiations with the airline.
The pressure is on Goyal to get things moving fast," the source said.
Another possibility is that SBI would convert its debt in Jet to equity. "But this is the last option SBI would consider. It would mean sitting high and dry with the equity," the source added.
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 "Etihad Airways likely to hike its stake in Jet Airways to 49%")
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