New Delhi: The stake-sale deal between Jet Airways and the Abu Dhabi-based Etihad Airways will infuse new lease of life into the troubled Indian aviation industry, a leading business chamber said Sunday.
"Induction of capital by Etihad, one of the most efficient airlines of the world will not only improve the financial position of Jet Airways but also bring several operational benefits," the Associated Chambers of Commerce and Industry (Assocham) said in a statement Sunday.
The Indian civil aviation sector has been going through a tough operating environment with high fuel and interest costs - and lower passenger traffic.
"The good thing is that in the last few months several initiatives have been taken to increase the comfort level of the global investors," Assocham said.
03/02/13 IANS/News Track India
