A London Based Digital Publication Covering Diplomatic & Business Activities Globally

Tuesday, April 23, 2024

Indian Jet Airways Shareholders Approve Etihad deal

Indian Jet Airways Shareholders Approve Etihad deal
Indian Jet Airways Shareholders Approve Etihad deal

Shareholders of India’s Jet Airways approved a deal in Etihad Airways that will take a 24 percent stake in the private carrier. Shares will be allotted only after completion of all regulatory approvals.
“The commercial agreement with Etihad will help us to expand network, reduce costs and increase profitability,” Jet’s chairman Naresh Goyal reportedly told shareholders.
The Jet-Etihad deal, announced in April, is the first overseas investment in an existing Indian carrier since New Delhi eased restrictions in September to allow foreign firms a 49 percent stake in the country’s airlines.

Latest Posts

Latest Posts

Stay in touch

To be updated with all the latest news, offers and special announcements.

RELATED ARTICLES

UAE & Turkmenistan expand Economic ties

Turkmenistan's Berdimuhamedow urges UAE collaboration in gas field development....

Crown Prince Appreciates the World Governments Summit Team

The Crown Prince Appreciates the valuable efforts of the...

WTO Promotes Consensus

The final World Trade Organization General Council meeting before...

UK and Azerbaijan celebrate growing bilateral relations

UK PM Rishi Sunak congratulated President Ilham Aliyev on...

World Government Summit brings Global leaders to Dubai

The pre-summit day of the World Governments Summit (WGS)...

HH Shiekh Mohammed bin Rashid Meets Youth

Sheikh Mohammed bin Rashid Al Maktoum met with Arab...

Shiekh Hamdan Bin Zayed Honors Environmental Achievers

His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s...

Princess Kate shares a Message after meeting HM the King

Prince William and Kate Middleton share a Children's Mental...

HM King of Sweden to visit Europe

King Frederik X of Denmark and Queen Mary will...