Etihad and Jet Airways close in on deal
Etihad Airways looks to be closing in on a deal to take a stake in Indian carrier Jet Airways.
Speculation has been mounting that the Gulf carrier will invest in the loss-making Jet, and local media including the The Economic Times and arabianbusiness.com report that a deal could be announced on Friday.
The reports suggest Etihad will take a 24 per cent stake in Jet Airways, adding to recent investments in airlines including Air Berlin, Air Seychelles and Aer Lingus.
In September last year the Indian government relaxed restrictions regarding foreign investment in its airlines, allowing carriers to buy stakes of up to 49 per cent in the country’s airlines.
Report by Mark Caswell
MarcusUK - 23/01/2013 11:35
Etihad have an enormous amount of cash form investments...they also have stakes in Virgin Australia, twice!
Add there strategy of the 10 year agreement with KLM / AF and the FFP to be reciprocal, Etihad is moving fast with a co-operative and investment strategy. Quite different from the Bullish approach of Emirates, who compete rather than work with, other Airlines, especially within Europe.
ADD A COMMENT »
The latest facility to open in Terminal 2 caters for first class passengers and Paragon member card holders — full story »
Qantas completes B767 refurbishment 24/05/2013
15 Qantas B767s have completed interior upgrades and will start services today — full story »
The two airlines will organise a scheduled shuttle service between JFK T4 and London Heathrow Terminal 3, it has been announced — full story »