New Delhi: Etihad Airways may not get any direct immediate benefits in terms of increased traffic from Indian cities even after it picks up a minority equity stake in India ’s Jet Airways.
According to senior officials of the ministry of civil aviation, the Abu Dhabi-based airline has indicated it will initially pick up 24 percent in the Indian carrier.
“This means effective management control and substantial ownership remain with the Indian entity which is Jet Airways. So for us, nothing really changes. The Jet-Etihad combine will continue to operate as an India-registered airline while Etihad itself will continue to be allowed 11 ports of call in India with as many seats per week as the Air Services Agreement (ASA) allows between India and the UAE,” said one official.
30/01/13 Sindhu Bhattacharya/First Post.com
