Mumbai: National carrier Air India's views on the Jet Airways-Etihad equity deal may delay, although not stall, the antitrust regulator's clearance to the proposed alliance, a person close to the development has said. Jet plans to sell 24% stake to the Abu Dhabi-based carrier in a deal that will bring $600 million to the airline in equity and soft loans. The proposal has been cleared by the Cabinet Committee on Economic Affairs and is awaiting approval from the Competition Commission of India (CCI).
The regulator, which had sought Air India's opinion on the deal's impact on the Indian aviation market, plans to take up the case for review on Monday.
According to a senior Air India executive, the airline has told the CCI that the allocation of seats, as per the terms of the deal, would drive most of the Indian traffic to Etihad.
11/11/13 Anirban Chowdhury & Maulik Vyas/Economic Times
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The regulator, which had sought Air India's opinion on the deal's impact on the Indian aviation market, plans to take up the case for review on Monday.
According to a senior Air India executive, the airline has told the CCI that the allocation of seats, as per the terms of the deal, would drive most of the Indian traffic to Etihad.
11/11/13 Anirban Chowdhury & Maulik Vyas/Economic Times
