Etihad Completes Purchase Of 24% Of Jet Airways

By Jay Menon
Source: AWIN First

Following the closure of the deal, the two airlines also announced the appointment of Etihad President and CEO James Hogan and CFO James Rigney as additional directors on Jet’s board.

“By linking our two networks and adding new flights, new routes and more code-share options, travel to, from and within India will become much easier,” Hogan says.

In September, Etihad announced plans to raise its passenger volume and flights to India over the next few months. The Abu Dhabi-based airline also is assessing orders for a range of aircraft from Airbus and Boeing.

Apart form this deal, Indian conglomerate Tata Group has signed a deal with Singapore Airlines to launch a full-service airline in India and with Malaysian low-cost airline AirAsia and to launch a low-cost Indian airline.

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