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Business deals

Etihad makes conditional bid ahead of Jet Airways deadline

Abu Dhabi-based carrier says other investors need to step forward

MUMBAI -- Abu Dhabi-based Etihad Airways has made a conditional offer to raise its investment in India's Jet Airways as the troubled airline faces a lawsuit over unpaid bills and an investigation into missing funds.

In a statement on Friday, the deadline for bids, adviser SBI Capital Markets announced that besides the sealed bid from Etihad Airways, it has received "a few unsolicited offers," which it will submit to the State Bank of India-led consortium of lenders weighing candidates for a proposed stake sale.

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