Friday, 8 February 2013

Jet, Etihad deal in a fortnight


The proposed stake sale by Indian carrier, Jet Airways and Abu Dhabi-based international carrier, Etihad would be completed in the next 10-15 days.

 

Speaking to media on the sidelines of the ongoing Aero India 2013,Union Minister of Civil Aviation, Ajit Singh confirmed that the deal would be completed within 10-15 days. Etihad has been in talks with the Naresh Goyal-run carrier to acquire a 24% stake at an estimated value of $1.4 billion, according to aviation analyst firm, CAPA India.

 

On the controversy surrounding the national carrier Air India’s Dreamliner aircraft which was delivered by Boeing, he said.

 

“Our only concern on the Dreamliner is how soon it will be resolved. There will definitely be compensation to airlines until the FAA and DGCA certification.”

 

The aircraft had developed technical snags and has been grounded by aviation regulators on January 17. Air India was scheduled to get its seventh aircraft by January-end which could not be fulfilled until all technical issues were resolved.

 
The aircraft has been grounded in other countries including America by the US Federal Aviation Administration (FAA). http://newindianexpress.com/business/article1453038.ece                                                                                                                                                                                                                               

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