Abu Dhabi-based Etihad airways asks State Bank of India to buy out its stake, leaves Jet in critical condition.

The full service carrier, which is grappling with acute financial problems, is working to restructure its debt as well as raise fresh funds.

The Abu Dhabi-based Etihad had come to the rescue of the Naresh Goyal-controlled airline during the earlier downturn too.

The Naresh Goyal-controlled full service carrier posted a net loss of Rs 1,261 crore in September.

Etihad owns 24% of Jet and 50.1% in Jet Privilege. Jet Airways is in talks with potential buyers to sell its stake in the business.

The potential investors, mostly all of them, want more information about the Jet Airways' revival plan.

The fresh funding comes as a lifeline to the Naresh Goyal-promoted full service carrier, which has been in financial turbulence.

Etihad owns 50.1 per cent of the loyalty program, while Jet Airways owns the rest.

The card will be offered on the Visa network platform allowing card holders to access benefits and privileges across the world, it said.

The Mumbai-based full service airline flies three times a day to Bangkok from its two domestic hubs --Mumbai and New Delhi.

Key features of the new website include a personalized account summary, enhanced account security, interactive mileage calculator.

Jet Airways has rejigged its loyalty programme offering members enhanced benefits including linking tier-points to the distance and frequen...

In an environment where corporate India is poised for economic expansion and business travel is likely to increase, the card could be a sig...

The debt has been retired using the $600-million cash infusion from Etihad Airways in lieu of a 24% stake in the airline.

Jet Airways has received approval of shareholders to sell the frequent flyer programme business to its subsidiary JPPL for Rs 695.21 crore.

Jet Airways and private sector lender HDFC Bank today came together to launch a premium debit card-- JetPrivilege-HDFC Bank World debit car...

"In keeping with the lifestyle of the evolved traveller, the card privileges extend beyond exclusive travel benefits to offer premium lifes...