Abu Dhabi-based Etihad Airways today got Competition Commission's approval for purchase of 50.1 per cent stake in Jet Privilege Private Ltd (JPPL), a customer loyalty programme unit of Jet Airways . Clearing the transaction by majority, CCI said that the deal was unlikely to have any adverse impact on market competition, as Etihad's purchase of 24 per cent stake in Naresh Goyal-led Jet Airways has already been approved and the two carriers were already partners in their respective frequent flyer programmes. Under such customer loyalty programmes, airlines generally offer certain benefits to their frequent flyers. Dissenting with this majority order, passed by CCI chairman Ashok Chawla and four members, one member Anurag Goel however said that the proposed deal was "likely to raise appreciable adverse effect on competition in the international air passenger transportation market, more particularly in those routes between India and Abu Dhabi".
05/02/14 moneycontrol.com
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05/02/14 moneycontrol.com
