Etihad in talks with Jet for investment: Ajit Singh

Tags: News
Abu Dhabi's Etihad Airways is in talks with Jet Airways for a potential investment in the Indian carrier, India's Civil Aviation Minister Ajit Singh said on Thursday, without giving any details of the possible deal.

"The government's role is to make sure that whatever agreement they come to is within the regulatory framework," he told reporters after a meeting with Jet Chairman Naresh Goyal and Etihad Chief Executive James Hogan.

The deal, if closed, will be the first since India relaxed ownership rules in September last year and allowed foreign investors to buy up to 49 percent in domestic carriers that are battling stiff competition and high operating costs.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • For those who are left to survive a war-torn world, let there be peace

    The hunger games have begun, and they have started reaping our children. There is no way around it.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schöttli

Shifting sands in the Far East

As was to be expected, Japanese prime minister Shinzo Abe ...

Zehra Naqvi

When humanity died, bestiality prevailed

The terrorist attack that killed 132 children in Peshawar has ...

Bubbles Sabharwal

Why self-esteem must be your best friend forever

Two negatives do make a positive! Imagine no doubts, no ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture