Etihad Airways will now fly daily between Delhi and Abu Dhabi and will launch a new service between Abu Dhabi and Kochi from Monday.
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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.
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 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.
Jet will require short-haul Boeing 737s to feed the traffic to Abu Dhabi, Etihad's home base and hub.
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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.
Liverpool strolled to a 2-0 victory over Brentford, while Newcastle drew 1-1 at Bournemouth.
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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.
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.
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.
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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.
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Air India (AI)'s rise could be at the expense of three "super-connector" hubs - Doha in Qatar, and Dubai and Abu Dhabi in the UAE - as the Indian passenger would any day prefer direct flights of their national airline that is providing excellent on-time service, Arved von zur Muehlen, chief commercial officer of Saudia Airlines, said on Thursday.
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.
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