Saturday, November 24, 2012

ETIHAD And India

Stories ( click here for story ) are circulating that Etihad is eyeing a 24% stake in Jet Airways worth Four hundred (400) millions USD. This will mark the first FDI in Indian Aviation in a long time, even though it is well below the allowed 49% by the latest government FDI rules. Etihad signed a code share agreement in 2008 with Jet Airways and is listed as an Etihad Partner on Etihad's website

Jet Airways is a candidate to join Star Alliance along with Air India. It is to be noted that Air India was refused entry for not meeting Star Alliance requirements. ( click here for story ). This will give Etihad a  linkup with all three major alliances; Airberlin in Oneworld, Jet Airways in Star Alliance and the share code agreement with AF-KLM in Skyteam, without actually joining any of them.

Another first for Etihad.....Kudos

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