Mumbai: The shareholders agreement between Abu Dhabi-based Etihad Airways and Jet Airways has been structured in such a way as to create a substantial role for the Middle-Eastern carrier in decision-making at the Mumbai-based airline, an ET study of the shareholders documents shows.
The agreements does not confer any obvious rights or veto powers to Etihad but its concurrence will have to be taken for most decisions, including routine ones, lending credence to the belief that the airline will be some kind of a joint manager of the airline along with Naresh Goyal, who owns 51%.
17/06/13 M Padmakshan/Economic Times
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The agreements does not confer any obvious rights or veto powers to Etihad but its concurrence will have to be taken for most decisions, including routine ones, lending credence to the belief that the airline will be some kind of a joint manager of the airline along with Naresh Goyal, who owns 51%.
17/06/13 M Padmakshan/Economic Times
