New Delhi: The $900-million Jet-Etihad deal is now in the final stages of getting the regulatory clearances. The Competition Commission of India (CCI) has received the entire set of papers for this deal and is now examining if this deal will mean Etihad getting substantive control in Jet and, if so, its impact on other airlines.
The commission is going to examine if the deal tilts the scale in Jet's favour, to the detriment of other airlines. Air India had opposed the liberal grant of additional flying rights to Abu Dhabi, something which was seen as the deal clincher. The national carrier, which is the only Indian airline apart from Jet that flies to US, had also warned the aviation ministry that Jet's plans to mount flights to north America from Abu Dhabi may make its nonstop flights to US unviable.
"We will examine all these issues in detail. We had sought some additional details from Jet on certain issues and have now got the same," said a CCI official. The deal will need the final nod from the union Cabinet.
13/09/13 Times of India
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The commission is going to examine if the deal tilts the scale in Jet's favour, to the detriment of other airlines. Air India had opposed the liberal grant of additional flying rights to Abu Dhabi, something which was seen as the deal clincher. The national carrier, which is the only Indian airline apart from Jet that flies to US, had also warned the aviation ministry that Jet's plans to mount flights to north America from Abu Dhabi may make its nonstop flights to US unviable.
"We will examine all these issues in detail. We had sought some additional details from Jet on certain issues and have now got the same," said a CCI official. The deal will need the final nod from the union Cabinet.
13/09/13 Times of India
