Etihad breaks its silence on why it didn't save Jet Airways
In 2013, Etihad had acquired a 24 per cent stake in Jet.
"Since then, Etihad has consistently and constructively sought and advanced solutions to help resolve Jet's issues," the airline said in a statement.
"But as a minority shareholder, Etihad has had limited capacity to secure required changes."
Earlier this year, Etihad presented a conditional expression of interest to reinvest in Jet as a minority stakeholder, with an agreed partner, but this did not materialise.
The airline added that its decision not to lodge an EoI, does not affect Etihad's "continued commitment" to India.
Etihad flies between
Currently, Jet is under the NCLT process, under which a commitee of creditors has invited EoI from potential bidders.
If a bid is approved by a majority of CoC members, only then the resolution can move ahead. A formal concurrence from the NCLT will be, though, required.