Abu Dhabi-based Etihad Airways and Mumbai-based Jet Airways today announced that they have closed the transaction of a 24% equity stake by Etihad Airways in Jet Airways. Jet Airways’ Boeing 777-300ER In a release they said “All requisite Indian regulatory approvals had been obtained by November 12th, 2013. Jet Airways has, on November 20th, 2013,…
by Devesh Agarwal Etihad Airways, of the United Arab Emirates, has announced a firm order on European airframer Airbus S.A.S. for 50 A350 XWBs, 36 A320neo aircraft and one A330-200F freighter worth $26.9 billion at list prices. The contract was signed yesterday at the 2013 Dubai Airshow by James Hogan, Etihad Airways CEO and Fabrice…
by Devesh Agarwal Etihad Airways, the national carrier of the United Arab Emirates, today announced what it calls a ‘step-change in global aviation’ with the launch of its first branded regional operation, after taking a 33.3 per cent stake in Swiss carrier Darwin Airline. (Left to right) James Rigney, Etihad Airways’ Chief Financial Officer; Maurizio…
As expected the Dubai Airshow opened today with a record breaking order book. Within three hours of opening, the show’s order tally reached US $162.6 billion – surpassing its previous record of US $155 billion record set in 2007 – with deals coming from Etihad Airways, Emirates Airline, flydubai and Qatar Airways. The opening order…
by Devesh Agarwal From top, clockwise, Boeing CGI of Etihad 787-10, 777-8X, 777-9X United Arab Emirates’ (UAE) national carrier, Etihad Airways PJSC, kicked off the Dubai Air Show with a massive order for 56 wide-body Boeing aircraft with options to purchase for an additional 26 aircraft taking the quantity up to 82 at a list…
by Devesh Agarwal The aviation enthusiast community may not have too much respect for The Economic Times newspaper when it comes to technical accuracy when reporting aviation related stories, but hats off to a great article that goes in to the depths on how the deal for a 24% stake by Etihad Airways in Jet…
By BA Staff Etihad Airways, the national airline of the United Arab Emirates, has expanded its codeshare agreement with Korean Air, South Korea’s largest airline, to include six new destinations. In the second phase of cooperation, Etihad Airways will place its EY code on Korean Air services from Seoul Incheon to Honolulu, Vancouver and Hong…
by Devesh Agarwal The rumour mill has that Jet Airway’s Chief Commercial Officer Sudheer Raghavan will be leaving the airline soon and is expected to be succeeded by Mr. Wayne Pearce, currently the CEO of Oman Air. Pearce reportedly enjoys a good rapport with Etihad CEO James Hogan. Etihad which is in the process of…
by Devesh Agarwal Majority of Jet’s A330 fleet parked at New Delhi’s IGI airport In what is not a very uncommon development, The Economic Times reports, India’s financial markets’ watchdog, the Securities Exchange Board of India, better known as SEBI, has written to the Foreign Investment Promotion Board (FIPB), the approver of FDI proposals, expressing…
by Vinay Bhaskara and Devesh Agarwal Late last week, Mumbai based full service carrier Jet Airways reported an excellent Rs. 85 Crore net profit for the third quarter of Fiscal Year 2012-13, mirroring the financial performance of rival low cost carrier (LCC) SpiceJet and the general resurgence of the Indian airline market as a whole.…
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