Jet and Etihad stand to benefit from cost savings and synergies in areas such as fleet acquisition, maintenance and training.
The ministry of corporate affairs has raised questions on Etihad's rights to nominate three directors on the board and, despite being a minority shareholder in the company, decide on the vice-chairman.
The apex court issued notices to the Centre, ministries and departments concerned, Jet Airways and United Arab Emirate's Etihad Airways on the petition challenging the deal and sought their responses within four weeks.
The reduced fare offer is also available for travel on partner airline Etihad Airways flights
Sources involved in the bidding process confirmed that the entity had submitted a bid but expressed doubt over its acceptance
The Rs 2,058 crore (Rs 20.58 billion) deal between Jet Airways and Etihad Airways will benefit passengers, as increased competition will bring down air fares, aviation sector experts said.
Etihad said it would not participate in the rights issue or infuse fresh funds under the current terms and conditions of the resolution plan
An unidentified aircraft caused a security scare in Mumbai airspace on Saturday after it was spotted by an Etihad Airways flight and reported to the air traffic control, official sources said.
The 72-hour introductory joint special fare offer will be available from July 25 to July 27 for a travel period between September 1 and June 15, 2015 for flights within India and between September 1 and November 30 this year for flights to international destinations, the statements said.
The Etihad delegation was led by its CEO James Hogan at the meeting, which was also attended by Jet Airways promoter Naresh Goyal.
Etihad has high hopes from Jet Airways deal in which it bought out majority stake in 2013.
Fifteen of these pilots are expatriates who were hired for flying the Boeing 787 Dreamliners till Air India's crew got trained.
Emirates and Etihad Airways have over the past year continued to lobby India to allow them more flight slots, which won't be possible until the 2007 pact is revised.
Challenging the "illegal" reduction in its claim by the erstwhile resolution professional (RP) in the Jet Airways revival plan, the Punjab National Bank (PNB) has moved the National Company Law Appellate Tribunal (NCLAT) citing discrimination. The NCLAT on Thursday issued notices to RP Ashish Chhawchharia and the committee of creditors on PNB's plea to set aside the insolvency court's approval of the airline's revival plan. It has posted the matter for further hearing on September 21.
Abu Dhabi is no longer exclusive hub for Jet, Etihad won't recommend candidates for Jet management.
A year on, deal between the two airlines still to gather momentum, partly due to management problems at Jet.
Waiting time for customs, immigration clearance cut drastically; Jet-Etihad alliance to get competitive advantage
Sebi wanted Jet to convince it that the deal did not amount to joint control alongside promoter Naresh Goyal.
The Abu Dhabi-based airline is busy raising its brand recall, to catch up with Emirates.
The Foreign Investment Promotion Board (FIPB) on Monday cleared Abu Dhabi-based Etihad Airlines buying 26 per cent stake in Jet Airways for Rs 2,058 crore (Rs 20.58 billion) with some conditions.
The deal is being looked into by Competition Commission of India and Securities and Exchange Board of India among other regulators.
Jet Airways would have four directors on the board; there would be seven independent directors as well.
The airline's pricing strategy and capacity show it is targeting leisure travellers and corporate clients, rather than blue-collar workers migrating to Abu Dhabi.
Etihad plans 75 per cent travel beyond Abu Dhabi; airports cry foul.
Naresh Goyal-owned group companies, including the airline's general sales agent in India and abroad, and a car rental firm, are among those who have filed claims.
Kingfisher is in discussion with various investors, including Etihad, for equity investments in the company, but matters are merely at negotiation stages, it said in a statement to the stock exchange.
Describing the over Rs 2,000 crore (Rs 20 billion) business proposal between Jet and Etihad airlines as a win-win deal, Civil Aviation Minister Ajit Singh on Thursday said it will be beneficial for flyers.
Etihad has been in talks for a 24 per cent equity stake in Jet, valued at around $300 million, ever since India relaxed ownership rules and allowed foreign airlines to buy up to 49 per cent in local carriers.
GMR, GVK have taken up the issue with civil aviation ministry.
Etihad has been in talks for a 24 per cent equity stake in Jet, valued at around $300 million, ever since India relaxed ownership rules and allowed foreign airlines to buy up to 49 per cent in local carriers.
The Abu Dhabi carrier seeks assurances following setbacks for several Gulf investors in India.
Al-Nahayan wants govt assurance on protection of its foray, meets Anand Sharma.
The stake-purchase agreement with Jet, second largest domestic passenger market share, will make Etihad the first foreign carrier to buy into an Indian airline.
Etihad is in talks to pick up a 24 percent stake in Jet.
The company's chief operating officer Capt Hameed Ali will be the acting CEO.
The Home Ministry has conveyed to the Department of Economic Affairs (DEA) that it has not given security clearance to the Abu Dhabi-based Etihad Airways' proposal to buy a 24 per cent stake in Jet Airways.
Jet Airways on Friday said its 24 per cent stake sale to the gulf carrier Etihad will bring down its debt to $1.5 billion from the current $2.1 billion.
Jet Aiways had almost signed the deal with Etihad when the new leaked and the stock price of the former shot up, causing the Abu Dhabi carrier to reconsider.
Abu Dhabi has asked for an increase in seat capacity post Jet-Etihad deal. If Indian government agrees, more fliers will use Etihad than Air India. This will spell disaster for the country's national carrier.
The deal will improve debt-equity to a manageable level of 3.8 and support its share price, thereby lessening the pain for shareholders.
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