On 20 November 2013, Etihad Airways and Jet Airways concluded the transaction for the subscription of a 24 per cent minority equity stake in Jet Airways, India’s premier international airline. This follows all government and regulatory approvals being received on 12 November 2013.
India is one of the largest and fastest-growing markets in the world and a key part of the Etihad Airways growth strategy. Through this association, Etihad Airways and Jet Airways will both be strengthened, as will the economies of India and the UAE. By linking our two networks and adding new flights, new routes and more codeshare options, travel to, from and within India will become much easier.
The infusion of foreign direct investment in the Indian aviation sector will result in economies of scale, grow traffic at Indian airports, and create job opportunities. It will greatly benefit all our stakeholders whilst significantly benefitting our customers who will now have access to a more expanded global network, enhancing connectivity for tourists, business travellers, Indian families and the wider travelling public.