04 Feb 2013
(MENAFN) James Hogan, CEO of Abu Dhabi-based Etihad Airways, expected the carrier to complete due diligence next week concerning a tie-up deal with India’s Jet Airways, Reuters reported.
If sealed, the Jet deal would be the first foreign investment into India’s aviation market after the government eased ownership requirements in September last year and allowed foreign carriers to buy up to 49 percent in domestic carriers.
Hogan said he had met with senior Indian aviation officials and ministers last week to understand the new rules of India’s foreign direct investment scheme.
Etihad Airways last year invested in other airlines like Virgin Australia and Aer Lingus and raised its shareholding in Air Berlin and Air Seychelles, as it seeks to organically expand and compete with larger regional rivals such as Qatar Airways and Emirates Airline.
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
26 Dec 2024
BBK proudly supports “Celebrate Bahrain” as a gold sponsor in cooperation with BTEA
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more