Abu Dhabi-based carrier seeks a cut in premium it had agreed to pay on Jet's stock price
The New Delhi district authorities on Monday issued a show-cause notice to Etihad Airways for allegedly violating the Centre's guidelines for international passenger arrivals at the IGI airport here, amid concerns over the Omicron variant of coronavirus.
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.
This follows the Union Cabinet approving enhanced traffic rights between India and Abu Dhabi.
UAE carrier Etihad Crystal Cargo on Wednesday launched its weekly freighter services from Delhi, after connecting Mumbai and Chennai earlier this year.
Sources involved in the bidding process confirmed that the entity had submitted a bid but expressed doubt over its acceptance
To sell five Boeing 777s, replacing these with cheaper aircraft
Currently, Etihad has 24 per cent shareholding in Jet Airways
Etihad plans 75 per cent travel beyond Abu Dhabi; airports cry foul.
The West Asian carrier could pay up to $330 mn for a 24% stake in Jet, say sources.
GMR, GVK have taken up the issue with civil aviation ministry.
The airline has already decided to lease out an A330 to Etihad and plans to lease out two more this year.
The Civil Aviation Ministry has submitted replies to the CVC on a series of allegations raised by Nishikant Dubey against the deal and clarified all concerns raised by him, official sources said.
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 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.
A combined 7.82 million shares representing 36% of free float equity of the private airliner have changed hands on BSE and NSE till 1500 hours.
Auditors raise red flags over Jet Air's robust financial status.
Swamy also seeks CBI probe against the government officials who had cleared the deal.
The next FIPB meeting slated for July 5, however, does not have a Jet proposal on its agenda.
These are the four primary issues that have soured the relationship between SBI-led lenders and JKC and delayed the resumption of commercial flights by Jet Airways, once India's largest private airline, which went bankrupt in 2019. Over the past three years, the airline went through an insolvency process under which JKC's resolution plan was approved by a committee of creditors (lenders) and the National Company Law Tribunal (NCLT) in October 2020 and June 2021, respectively. But this didn't mean an end to the problems.
Objections were being raised by senior Bharatiya Janata Party leader Jaswant Singh, Communist Party of India's Gurudas Dasgupta, Dinesh Trivedi (Trinamool Congress) and Janata Party chief Subramanian Swamy over the deal, each of whom had shot off separate letters to Prime Minister Manmohan Singh.
Etihad to have 2 directors even if it dilutes stake to 15%
The top-level exodus at Naresh Goyal-promoted Jet Airways continued on Friday, with chief financial officer and acting CEO Ravishankar Gopalakrishnan quitting.
Etihad's acquisition of 24 per cent stake in Jet Airways was the first FDI in an Indian carrier by a foreign airline.
Six of these aircraft are currently on lease to Etihad Airways, set to start returning to Jetair's fleet in June
Airberlin passengers will be able to book flights to New Delhi, Mumbai, Cochin, Chennai, Hyderabad and Bengaluru with Etihad Airways, UAE's national carrier, the companies said in a joint statement.
The subscriber count made JioHotstar one of the largest OTT platforms in the world.
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.
There are only three entities left in the fray now - Russian Fund Treasury RA Partners, Panama-based investment firm Avantulo Group and South American conglomerate Synergy Group Corp.
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Former Air India Executive Director Jitender Bhargava filed the appeal challenging the decision of the Competition Commission of India to clear the Jet-Etihad deal without carrying out a detailed assessment.
This meeting came in the backdrop of a controversy raked up by some politicians, including those from Bharatiya Janata Party, Communist Party of India and Trinamool Congress, who objected to the sale of 24 per cent of Jet's equity to Etihad at a cost of Rs 2,058 crore, saying it was not in the national interests.
Former Air India Executive Director Jitendra Bhargava had filed the appeal questioning the decision of CCI to approve the Jet-Etihad deal without carrying out a detailed assessment.
The Boeing website lists the price of a Boeing 737-800 aircraft at $90.5 million.
The office, spread over 52,775 square feet carpet area, in Mumbai's suburban financial centre Bandra Kurla Complex, is on the fourth floor of the building 'Jet Airways Godrej BKC'.
Wife Anita Goyal and one nominee of Etihad Airways PJSC would also step down from the board.
Regulator believes Jet Airways deal triggers open offer
Both lenders and Etihad are not comfortable with the entities holding stake in Jet as they have no proven credentials in running a big business
Etihad wants to control a domestic carrier that can give it access to over 45 cities in India from where it can bring traffic to its hub in Abu Dhabi and beyond.
At the NSE, the stock zoomed up by 8 per cent to Rs 444.
Using flight search, travellers in the US, Canada, the UK, the Netherlands, Spain, France, Italy, Germany, Poland and Ireland will be able to explore and compare flights to and from any of Etihad Airways 103 destinations.
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