Etihad Airways

  • SEBI issues notice to Etihad on Jet deal: Report 17-02-2014 10:50 AM

    Mumbai: The Securities and Exchange Board of India (SEBI) has issued a show-cause notice to Etihad Airways, asking whether the Abu Dhabi-based carrier violated takeover rules in acquiring a 24 per cent stake in Jet Airways, a source with direct knowledge of the matter said. SEBI issued the notice to...
  • SEBI issues notice to Etihad on Jet deal: Sources 16-02-2014 11:25 AM

    Mumbai: The Securities and Exchange Board of India (SEBI) has issued a show-cause notice to Etihad Airways, asking whether the Abu Dhabi-based carrier violated takeover rules in acquiring a 24 percent stake in Jet Airways, a source with direct knowledge of the matter said. SEBI issued the notice to Etihad...
  • UAE's Etihad Airways to buy 5 Boeing 777-200 from Air India 09-10-2013 01:53 PM

    Abu Dhabi's Etihad Airways will buy five Boeing 777-200 aircraft from Air India, the United Arab Emirates' carrier said in a statement on Wednesday. The two airlines signed a letter of intent this week and the long-range planes will be delivered from early 2014, subject to approvals. Etihad will use...
  • SC notices to Centre, others on plea against Jet-Etihad deal 08-10-2013 02:33 PM

    The Supreme Court on Tuesday sought response from the Centre on a petition filed by BJP leader Subramanian Swamy seeking a stay on the Jet-Etihad Airways deal. The apex court issued notices to the Centre, ministries and departments concerned, Jet Airways and UAE's Etihad Airways on the petition challenging the...
  • SC to hear PIL by Subramanian Swamy challenging Jet-Etihad deal 08-10-2013 09:27 AM

    The Supreme Court will hear a PIL by BJP leader Subramanian Swamy challenging the Jet-Etihad deal permitting UAE's national carrier to acquire 24 percent stake in the Indian airline and its approval by the government. A bench of Chief Justice P Sathasivam and Justice Ranjan Gogoi said that the matter...
  • SC to hear PIL against Jet-Etihad deal 04-10-2013 12:28 PM

    New Delhi: The Supreme Court on Friday agreed to hear a PIL of BJP leader Subramanian Swamy seeking quashing of the Centre's approval to Jet-Etihad Airways deal. A bench comprising Chief Justice P Sathasivam and Ranjan Gogoi said that it would hear the petition on October 8. Mentioning the matter,...
  • Abu Dhabi's Etihad Airways plans expansion push into India 19-09-2013 12:48 PM

    Etihad Airways is expanding operations in India with more flights and wide-bodied jets, building on its deal with Jet Airways(JET.NS) as it eyes growth in one of the fastest growing markets. The Abu Dhabi airline, which is buying a 24 percent stake in the Indian operator, announced a threefold increase...
  • How Etihad plans to change the way Jet Airways operates 19-08-2013 12:15 PM

    Etihad Airways's Australian CEO James Hogan doesn't have to think too hard about what to say. This week, he said: "Etihad will discuss ways to further integrate the two networks and help the airline achieve efficiency, build revenue and reduce costs." He wasn't talking about Jet Airways, his most high-profile...
  • Jet launches week-long sale of low-fare domestic tickets 04-08-2013 12:35 PM

    New Delhi: Taking on competition from no-frill carriers, Jet Airways on Saturday launched a week-long sale of seven lakh low-fare domestic air tickets to attract air travellers who could use them to fly from August 10 onwards. The one-way economy fares would be Rs 1,777, Rs 2,777 and Rs 3,777...
  • FIPB clears Jet Airways-Etihad Airways deal 29-07-2013 04:20 PM

    New Delhi: The Foreign Investment Promotion Board (FIPB) on Monday cleared the Jet Airways-Etihad Airways deal. Etihad Airways will acquire 24 per cent stake in Jet Airways, which will get Rs 2,058 crore via the sale. The reworked Jet-Etihad deal has reduced the number of Etihad directors on the new...
  • Wider consultation needed on Jet-Etihad deal: BJP to PM 21-07-2013 01:50 PM

    New Delhi: Raising concerns over the Rs 2,058 crore Jet-Etihad deal, a BJP MP has written to Prime Minister Manmohan Singh for "wider inter-agency consultations" on the serious technical issue of 'control' in the proposed FDI deal. Nishikant Dubey, the MP from Jharkhand, has alleged that the proposed agreement between...
  • 'Jet's plan to relocate ops after Etihad deal inconsistent with norms' 08-07-2013 10:05 PM

    New Delhi: The Jet-Etihad deal, which is under the scanner by various regulatory bodies, has hit turbulence once again. Fresh questions are being raised over Jet Airways' commercial pact with Etihad. Jet's plan to relocate operations and core functions to Abu Dhabi has raised eyebrows as the proposed plan is...
  • Jet-Etihad deal: PMO seeks clarification from Ministry of Corporate Affairs 01-07-2013 07:49 PM

    New Delhi: The Prime Minister's Office has sought clarifications from ministries concerned, including Ministry of Corporate Affairs, on the proposed Rs 2,058 crore Jet-Etihad deal. The Cabinet Secretary is likely to chair a meeting on security concerns over Jet-Etihad deal on Tuesday. The PMO has already asked Finance Ministry and...
  • Prime Minister's Office seeks clarification on Jet-Etihad deal 30-06-2013 10:45 AM

    New Delhi: The Prime Minister's Office has sought clarifications from ministries concerned, including Commerce and Industry, on the proposed Rs 2,058 crore Jet-Etihad deal. The deal, largest foreign investment proposal in the aviation sector, is facing regulatory hurdles with various ministries raising major concerns over the ultimate control of Jet...
  • Jet-Etihad deal: Corporate Affairs, Aviation Ministry raise concerns 16-06-2013 11:35 AM

    New Delhi: Jet Airways and Etihad may have to re-work the ownership structure proposed in the Rs 2,058 crore deal with key ministries including Civil Aviation and Corporate Affairs raising concerns over ultimate control of the domestic carrier. "Major concerns on ultimate control of Jet Airways post deal have been...
  • Jet's promoters to sell 1.54 pc more stake 31-05-2013 01:57 PM

    New Delhi: Jet Airways on Friday said market regulator Securities and Exchange Board of India (Sebi) has allowed its promoters to sell further 1.54 per cent stake and relaxed the conditions for undertaking the sale through OFS route to help the company meet minimum 25 per cent public shareholding norm....
  • Sebi, CCI seek clarity on Jet-Etihad deal 23-05-2013 01:59 PM

    New Delhi: Abu Dhabi carrier Etihad's Rs 2,058-crore stake purchase in Jet Airways has hit a regulatory air pocket, as regulators are seeking more clarity on the deal to ensure overall competition in the aviation market is not affected and interests of public shareholders and consumers are protected. Separate clarifications...
  • Jet gets extension to meet Sebi's public shareholding norm 14-05-2013 11:26 PM

    Mumbai: Jet Airways on Tuesday said it has got regulatory extension to meet the mandatory 25 per cent public shareholding norm in the private airline. In a filing to BSE, Jet said Sebi, on May 13, relaxed the requirement of 12-week cool-off period after the proposed inter se transfer of...
  • Naresh Goyal to bring down his Jet stake to 51 pc 29-04-2013 09:26 PM

    Mumbai: Jet Airways on Monday said its promoter and chairman Nareh Goyal will bring down his stake in the company to 51 per cent to meet the Sebi requirement of 25 per cent floating shares. The airline has decided to give three director posts to Etihad Airways following the stake...
  • Jet-Etihad deal will bring down airfares: Experts 25-04-2013 07:35 AM

    Mumbai: The Rs 2,058 crore deal between Jet Airways and Etihad Airways will benefit passengers, as increased competition will bring down air fares, aviation sector experts said on Wednesday. According to Captain Gopinath, the founder of erstwhile Air Deccan, the increased competition will lead to low airfares, besides bringing about...
  • Etihad confirms taking 24 pc stake in Jet Airways for $ 379 mn 24-04-2013 07:59 PM

    Dubai: Abu Dhabi's Etihad Airways confirmed it had taken a 24 per cent minority stake in Jet Airways for $379 million. The Gulf carrier said in an emailed statement it would subscribe to 27.3 million new shares at Rs 754.74 per share. Jet said in a brief statement to the...
  • Jet Airways to sell stake to Etihad for over Rs 2000 cr 24-04-2013 02:02 PM

    Mumbai: Jet Airways will sell a minority stake to fast-growing Abu Dhabi-based carrier Etihad Airways for over Rs 20OO crore (roughly $379 million) after months of negotiations. India's largest airline by market share said in a brief statement to the stock exchange that its board approved the allotment to Etihad...