Perplexing move after announcing newer routes.
Apparently, Jet needs to retire a debt of almost Rs 12000 Cr from its books. Its partner Etihad has made it very clear that it will not buy further equity into Jet till the airline turns its account books into black. This may be a way forward for Jet as its wide body fleet is not doing too well. It would also suit Etihad to reduce its partner to a feeder airline.
A corporate game gone sour for Jet.