Etihad and Jet Airways close in on deal
Published: 22/01/2013 - Filed under: News »
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 »
British Airways A380: What you need to know 18/05/2013
BA has 12 of the superjumbos on order and will roster the first onto its Los Angeles route from October 15, followed by Hong Kong from November 15 — full story »
This month we're giving away two nights in a deluxe King Bedroom at St Ermin's Hotel in London and three prizes of luxurious stays at the Regal Airport Hotel Hong Kong — full story »
JetBlue will place its "B6" airline code on all flights operated by Emirates between the U.S. and Dubai, as well as between New York's JFK airport and Milan — full story »