Mumbai: Etihad Airways chief executive James Hogan met civil aviation minister Ajit Singh even as the airline awaits regulatory clearance for its Rs 2,058-crore investment in Jet Airways (India). The meeting took place in New Delhi a couple of days ago. Singh confirmed the visit. “It was a courtesy meeting,” said the minister.
According to a Reuters report, the meeting was to “review progress on the finalisation” of the deal. “We are working very closely with the Indian government and regulatory authorities to ensure we meet all the requirements of the new foreign direct investment legislation,” Hogan said in an email statement to Reuters.
In April, the two airlines signed a deal under which Abu Dhabi-based Etihad agreed to pick up a 24 per cent stake in Jet. The government also revised traffic rights for Abu Dhabi from 13,000 to 50,000 weekly seats.
02/09/13 Aneesh Phadnis/Business Standard
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According to a Reuters report, the meeting was to “review progress on the finalisation” of the deal. “We are working very closely with the Indian government and regulatory authorities to ensure we meet all the requirements of the new foreign direct investment legislation,” Hogan said in an email statement to Reuters.
In April, the two airlines signed a deal under which Abu Dhabi-based Etihad agreed to pick up a 24 per cent stake in Jet. The government also revised traffic rights for Abu Dhabi from 13,000 to 50,000 weekly seats.
02/09/13 Aneesh Phadnis/Business Standard
