Etihad acquire stake in Jet Airways


Etihad Airways has finalised its 24 percent equity stake investment in India's Jet Airways, with the aviation alliance commencing immediately.

Etihad Airways chief executive James Hogan and chief financial officer James Rigney have been appointed as additional directors on the board of Jet Airways. 

“The infusion of foreign direct investment in the aviation sector will result in economies of scale, grow traffic at our airports and create job opportunities and I am confident that this investment will greatly benefit all our stakeholders whilst significantly benefitting our customers who will now have access to a more expanded global network,” Jet Airways chairman Naresh Goyal said.

With India being one of the largest and fastest growing markets, the newly linked networks are set to enhance connectivity for tourists, business travellers, families and the wider travelling public.

Source = ETB News: L.B.
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