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So it happens: Etihad buys 24 percent stake in India’s Jet for $380 million
TransportIndia’s Jet Airways will sell a minority stake to fast-growing Abu Dhabi-based Etihad Airways for roughly $379 million after months of negotiations, giving a lift to India’s embattled aviation industry. The investment would be the first by an overseas operator in an existing Indian carrier since the country relaxed ownership rules in September to allow [...]
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Etihad flying high with doubled profits, confirms stake talks in India’s Jet Airways
TransportEtihad Airways PJSC, the third- largest Gulf carrier, said it’s closing in on the purchase of a stake in Jet Airways (India) Ltd. after investments in four other carriers helped triple full-year profit. Abu Dhabi-based Etihad’s board will decide whether to go ahead with the bid after completing due diligence in the coming two weeks, [...]
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Indian carrier Jet becomes first to benefit from country’s eased ownership rules
TransportEtihad Airways PJSC and Jet Airways (India) Ltd. moved closer to an investment deal that will make the Gulf carrier the first foreign operator to buy into a local airline after ownership rules were eased in September. “The discussions were very good,” Etihad Chief Executive Officer James Hogan told reporters in New Delhi after meeting [...]
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Etihad in talks to buy a large stake in Jet Airways following India’s easing of foreign ownership rules
DestinationsJet Airways (India) Ltd., the nation’s largest publicly traded carrier, said it’s in talks with Etihad Airways PJSC for selling a stake after the South Asian nation eased airline ownership rules. “The discussions are in progress but no terms have been firmed up at present,” Mumbai-based Jet said in a stock exchange filing today. The [...]
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Etihad now speaking to Kingfisher for buying 48 percent stake
TransportKingfisher Airlines, the Indian carrier that halted flights because of a cash crunch, said Etihad Airways is among possible investors it’s talking to as it seeks to raise funds though a stake sale. Discussions are only at the “negotiation stages” and no agreement has been reached with Abu Dhabi-based Etihad or any other airline, the [...]
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Jet Airways has a shot at joining Star Alliance alongside Air India
TransportNaresh Goyal’s Jet Airways has reason to cheer as the civil aviation ministry might give them permission to join Star Alliance simultaneously with state owned Air India . Prior to this, the government wanted the Star Alliance, comprising 27 airlines across the globe, to decide positively on Air India’s membership first. Last year, Star Alliance [...]
