DLA Piper has advised Etihad Airways on its investment of $379m in a 24% stake in Jet Airways as part of an extensive strategic alliance between the two airlines. This is the first investment by a foreign airline in an Indian airline since the Indian government liberalised its rules for the Indian aviation sector in September 2012.
The balance of Etihad's $600m overall strategic investment in Jet comprises a $70m purchase and leaseback of Jet Airways' three pairs of Heathrow Airport landing and take-off slots which was announced in February and, subject to appropriate regulatory and corporate approvals, Etihad will invest $150m in a significant equity investment in Jet Airways' frequent flyer program "Jet Privilege".
28/04/13 AME Info
