New Delhi: Jet Airways (India) Ltdexpects investments by Abu Dhabi's Etihad Airways in the airline to be completed within the next few months, Jet Chairman Naresh Goyal wrote in the company's annual report.
Etihad in April agreed to buy a 24 percent stake in Jet for $379 million. It is also making a $150 million equity investment in Jet's frequent flyer programme, and spent $70 million to buy Jet's three pairs of Heathrow slots through a sale and leaseback agreement announced in February.
"All these investments...are subject to obtaining the requisite regulatory and corporate approvals and nal commercial agreements, which is expected to be completed within the next few months," Goyal wrote to shareholders.
16/07/13 Reuters/Economic Times
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Etihad in April agreed to buy a 24 percent stake in Jet for $379 million. It is also making a $150 million equity investment in Jet's frequent flyer programme, and spent $70 million to buy Jet's three pairs of Heathrow slots through a sale and leaseback agreement announced in February.
"All these investments...are subject to obtaining the requisite regulatory and corporate approvals and nal commercial agreements, which is expected to be completed within the next few months," Goyal wrote to shareholders.
16/07/13 Reuters/Economic Times
