Etihad Airways

Etihad to operate more flights between Abu Dhabi and India

Etihad to operate more flights between Abu Dhabi and India

Etihad Airways, which recently acquired a minority stake in Jet Airways, has announced its decision to operate more flights between the United Arab Emirates (UAE) and India.

The Abu Dhabi-based carrier said in a statement that it would immediately double the number of flights between Abu Dhabi and five cities of India, viz. Delhi, Mumbai, Chennai, Bengaluru and Hyderabad.

The carrier said that the number of flights between its base Abu Dhabi and Delhi/Mumbai would be doubled while the number of seats would be tripled.

Jet-Etihad deal likely to suffer more delays as Swamy challenges the deal in SC

Jet-Etihad deal likely to suffer more delays as Swamy challenges the deal in SC

The proposed Jet-Etihad deal will likely suffer more delays as BJP Member has challenged the deal at the Supreme Court.

Swamy is now asking for a CBI probe into the role of the civil aviation ministry's in amending the India-Abu Dhabi bilateral Air Service Agreement (ASA), granting a whopping 36,670 additional seats to carriers between the two countries.

Jet shares slip 10% after FIPB defers decision on Etihad deal

Jet shares slip 10% after FIPB defers decision on Etihad deal

Jet Airways’ shares slipped 10 per cent in early trade on Monday after the government’s Foreign Investment Promotion Board (FIPB) postponed a decision on Jet-Etihad deal.

In April, Gulf carrier Etihad Airways agreed to acquire a 24 per cent stake in Jet Airways for $370 million. While the deal will allow Etihad to enter the fast-growing Indian civil aviation market, proceeds from the deal will help the Indian carrier cut its debt and get a stronger foothold in the market.

Shareholders approve Jet-Etihad deal

Shareholders approve Jet-Etihad deal

Jet Airways’ stake sale deal with Abu Dhabi-based budget carrier Etihad has finally gained shareholders’ approval.

Shareholders approved the deal during an extraordinary general meeting called for the shareholders to decide on the deal in Mumbai on Friday. Naresh Goyal-promoted Indian carrier will sell 24 per cent stake to Etihad for $370 million.

Mr. Goyal claimed that the deal would be a win-win situation for both the carriers as well as shareholders as it would slash costs and increase revenue.

Sebi wants Etihad to make open offer for stake in Jet: report

Sebi wants Etihad to make open offer for stake in Jet: report

The Securities and Exchange Board of India (Sebi) is likely to ask Etihad to make an open offer for Jet Airways, which is not going down well with the foreign airline as it is not comfortable with the disclosures required when making such a move, reported CNBC TV18.

Etihad alst month agreed to buy 24 per cent stake in Jet Airways for Rs 2058 crore. The agreement was hit following long discussions and several hurdles.

Etihad required lot of persuasion to hit deal with Jet: says legal advisor

Etihad required lot of persuasion to hit deal with Jet: says legal advisor

Abu Dhabi-based carrier Etihad Airways required a lot of persuasion and convincing that the Indian government was supportive of its stake deal with Indian carrier Jet Airways, legal advisor to the deal Harish Salve said.

The two carriers took a long time to hit the stake deal, in which Jet agreed to sell 24 per cent stake to Etihad for Rs 2,046 crore ($379 million). Negotiations for a deal started in October last year, and it took the two carriers to pursue long, repeated meeting to reach the deal.

Etihad Airways inks ‘Codeshare Pact’ with UK-based Flybe

Etihad Airways, national carrier of United Arab Emirates, has signed a new codeshare pact with UK-based airline, Flybe.

Under the arrangement, Etihad will place its two-letter 'EY' code on a number of services ran by Flybe between Paris, Frankfurt and Manchester and 35 regional airports within the United Kingdom, while Flybe will put its 'BE' code on Etihad's flights among the same three destinations and its Abu Dhabi home base.