New Delhi: Jet Airways has sought approval of shareholders to sell the frequent flyer programme business to its subsidiary JPPL for Rs 695.21 crore.
The company sought approval of shareholders to transfer, sell or dispose of the Jet Privilege frequent flyer programme to its subsidiary Jet Privilege Private Ltd "as a going concern on a slump sale basis".
Separately, Fair trade watchdog Competition Commission of India had last week approved Etihad's 50.1 per cent stake purchase in JPPL.
Under such loyalty programmes, airlines offer certain benefits to their "frequent-flyer" customers.
12/02/14 PTI/Economic Times
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The company sought approval of shareholders to transfer, sell or dispose of the Jet Privilege frequent flyer programme to its subsidiary Jet Privilege Private Ltd "as a going concern on a slump sale basis".
Separately, Fair trade watchdog Competition Commission of India had last week approved Etihad's 50.1 per cent stake purchase in JPPL.
Under such loyalty programmes, airlines offer certain benefits to their "frequent-flyer" customers.
12/02/14 PTI/Economic Times
