New Delhi: In the R2,058-crore Jet-Etihad Airways deal, the biggest foreign investment in India’s aviation sector so far, UAE’s Etihad Airways has told the Supreme Court that it cannot review the international treaty matters and has denied any “largesse of national assets” given to it by the Indian government.
Stating that the petition filed by BJP leader Subramanian Swamy challenging the Centre’s approval to the R2,058-crore deal, is deviod of merit and entirely misconceived, Etihad said the SC in catena of cases has refrained from interfering in such cases as treaties are negotiated and entered into at a political level and had several political and economic policy considerations as their bases.
Besides, no largesse of national assets in the form of increase in capacity “entitlements has resulted in undue enrichment and enormous pecuniary advantage to it,” it said, while responding to Swamy’s petition, which had raised apprehensions like squandering of natural resource i.e. the sky and air space and demanded CBI probe into the deal.
Even the Union Cabinet last week cleared Jet’s proposed sale to Etihad, days after it got regulatory clearances. The deal has clearance from Sebi and FIPB.
10/01/14 Financial Express
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Stating that the petition filed by BJP leader Subramanian Swamy challenging the Centre’s approval to the R2,058-crore deal, is deviod of merit and entirely misconceived, Etihad said the SC in catena of cases has refrained from interfering in such cases as treaties are negotiated and entered into at a political level and had several political and economic policy considerations as their bases.
Besides, no largesse of national assets in the form of increase in capacity “entitlements has resulted in undue enrichment and enormous pecuniary advantage to it,” it said, while responding to Swamy’s petition, which had raised apprehensions like squandering of natural resource i.e. the sky and air space and demanded CBI probe into the deal.
Even the Union Cabinet last week cleared Jet’s proposed sale to Etihad, days after it got regulatory clearances. The deal has clearance from Sebi and FIPB.
10/01/14 Financial Express
