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FINANCIAL NEWS
Etihad Airways CEO expects to complete due diligence soon
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.
More News
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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