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 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 Devesh Agarwal Air India Boeing 777-200LR. Two days ago, when gulf major, Etihad Airways, announced its intention to fly between Abu Dhabi and Los Angeles, we at Bangalore Aviation were the first to indicate that Etihad’s announcement was a pre-cursor to its purchase of Boeing 777-200LRs from Air India. Yesterday, it was confirmed that…
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 BA Staff Qatar Airways cabin crew. Photo copyright Devesh Agarwal Qatar Airways is offering discounts to HSBC Bank India debit and credit card holders. The airline is offering 10% savings in Economy Class and 15% in Business Class valid for sale until September 15, 2013 with all travel to be completed on, or before,…
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 Devesh Agarwal We welcome your feedback and comments on the Jet-Etihad deal. Without a doubt the humongous increase in seat capacity offered to the Abu Dhabi government by India has some quid-pro-qua links to the Jetihad deal. There is also talk that the bilaterals seat increase was to pacify the UAE government after their…
by Devesh Agarwal Last week’s deferral by the Foreign Investment Promotion Board (FIPB) of the proposal of Abu Dhabi based Etihad Airways to buy a 24% stake in Jet Airways has brought to light how the middle-eastern carrier will have an equal or higher say in the functioning of Jet despite owning just 24%. The…
To boost flagging passenger loads, Dubai based Emirates airline, has announced a sale on its’ Business Class fares worldwide ending on June 6, 2013 for travel between July 12, and August 4, 2013. Ex Bangalore, tickets prices start at Rs. 72,356 for Dubai, Rs. 141,916 for London, and Rs. 206, 871 for New York. Mr.…
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