The airline notification to an exchange does not name the shareholder. It said the fund-raising would be subject to regulatory and corporate approvals.
The Competition Commission on Thursday imposed Rs 1 crore fine on Abu Dhabi-based Etihad for non-disclosure of full information in the course of seeking approval for its purchase of 24 per cent stake in Jet Airways.
Abu Dhabi-based carrier seeks a cut in premium it had agreed to pay on Jet's stock price
The Gulf carrier could pay up to $330 million for a 24 percent stake.
Etihad Airways will now fly daily between Delhi and Abu Dhabi and will launch a new service between Abu Dhabi and Kochi from Monday.
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.
Etihad Airways, the national airline of the United Arab Emirates, has launched its daily services to Mumbai and plans to start thrice-a-week flights from Abu Dhabi to Delhi from December.
Jet will require short-haul Boeing 737s to feed the traffic to Abu Dhabi, Etihad's home base and hub.
The Indian government had given permission for the airlines to operate flights from these destinations, its CEO James Hogan told a press conference in Chennai on Thursday. Once connected to Kolkata and Jaipur, Etihad would have doubled its Indian destinations to eight, ever since it commenced services to Thiruvananthapuram and Kochi last year, before adding New Delhi and the commercial capital of Mumbai.
While the FIPB has sought more transparency on whether the rules concerning effective control would be followed once the deal fructifies, the Finance Ministry has also written to Sebi for a report on the Jet-Etihad deal, official sources said Wednesday.
IMAGES from the Premier League matches played on Saturday
Third-placed Aston Villa are the surprise package of the season and Unai Emery's side face relegation-threatened Burnley while fifth-placed Spurs host a resurgent Bournemouth who have 19 points from their last seven games.
BJP MP and Janta Part Chief threaten to take the matter to the court.
In the absence of the aviation policy, all decisions in aviation sector are left to the whims and fantasy of the ministry.
Ministry caps number of flights out of Delhi, Mumbai.
Everton have filed an appeal against their 10-point deduction by the Premier League, the club said on Friday.
Shares of Jet Airways surged 16 per cent to close at Rs 505.7 on Friday on speculation that Etihad Airways might buy 24 per cent in the company.
Real Madrid beat holders Manchester City in an edge-of-your-seat 4-3 shootout victory to reach the semi-finals of the Champions League.
Anand Sharma said the Rs 2,060-crore Jet-Etihad deal falls in line with new 'control' definition.
Jet settled higher by 2.35 per cent at Rs 623.40 on the Bombay Stock Exchange.
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.
As Haaland continues to rewrite the record books, football enthusiasts around the globe are left in awe of his goal-scoring prowess. The Norwegian striker's impact on the pitch remains unparalleled, solidifying his status as one of the most prolific strikers in the history of the Premier League.
Naresh Goyal becomes the country's first airline promoter to receive foreign investment.
Abu Dhabi national carrier had bought 24 per cent stake in Jet Airways for $379 million in April.
Rubbishing the allegation that his ministry went out of its way to facilitate the Jet-Etihad deal, Civil Aviation Minister Ajit Singh said he was open to "any inquiry" into the decision to increase air traffic rights to Abu Dhabi.
The move is likely to impact Jet's operations out of Belgium and India.
Will build on its existing strengths. Plans to include more fuel-efficient A-320 N and offer better connectivity.
In the India-US sector, for instance, Air India operates 15 stopover flights between Mumbai and Chicago, and Mumbai and New York
The Jet deal would be the first foreign investment into India's aviation market.
The West Asian carrier could pay up to $330 mn for a 24% stake in Jet, say sources.
Members of Parliament (MPs) across the political spectrum have written to the Prime Minister's Office (PMO) and the Central Vigilance Commission (CVC), seeking a probe into a stake sale deal between Jet Airways (India) Ltd and Gulf-based carrier Etihad Airways.
Swamy also seeks CBI probe against the government officials who had cleared the deal.
Etihad will be able to carve out a strong niche in the Indian market.
SpiceJet's resurgence, once the new funding is in place, has the potential to disrupt the Indian aviation market in 2024 as the airline will bring its grounded aircraft back to service and lease as many planes as possible to be competitively relevant, aviation consultancy firm Capa India said on Thursday. "Although the market for procuring aircraft in 2024 is exceptionally tight, we expect that SpiceJet will bring stored aircraft back into operations, and will wet or dry lease as much capacity as possible, in order to be competitively relevant. "This will have a material impact on the industry structure, and possibly on domestic profitability," Capa India said in its report.
Manchester City marched into the Champions League final for the second time in three seasons after outclassing holders Real Madrid 4-0 for a 5-1 aggregate victory.
Liverpool, beaten by Arsenal on Sunday, lead the table on 51 points from 23 games but City are up to 49 from 22 and Arsenal on 49 from 23.
'We love him, not just for the goals he scores, but for many many other things.'
Arsenal returned to the top of the Premier League with a comfortable 2-0 victory over relegation-threatened Luton Town
IMAGES from the Premier League match played between Manchester City and Brentford on Tuesday
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