Wednesday, July 05, 2017

India's Jet Airways obliquely denies Delta equity talks

Jet Airways has obliquely rejected reports in the Indian press linking it to the sale of up to 24% in equity to Delta Air Lines. On Monday, July 3, CNBC-TV 18 quoted informed sources as stating the talks were still exploratory but that they could see Jet Airways raising INR20 billion rupees (USD308.4 million).

However, in a filing with the Bombay Stock Exchange later in the day, the airline's Vice President (Global Compliance), Kuldeep Sharma, stated only that the airline was in no discussions which would warrant it making a disclosure to the bourse as required by law.

"The Company will inform the Stock Exchange regarding any decisions that requires disclosure in accordance with Listing Regulations," Sharma said.

Jet Airways is currently majority owned by Indian entrepreneur Naresh Goyal with a 51% stake followed by Etihad Airways (EY, Abu Dhabi Int'l) with 24% and various other individual and corporate investors with a combined 25%.
05/07/17 ch-aviation