Friday, November 07, 2014

Etihad Airways no longer jittery about investment in Jet Airways after change in government

New Delhi: Etihad Airways' had some concerns about its investment in Jet AirwaysBSE 3.01 % after the change of guard in the Indian government this May, but is now convinced that its investment is not just safe but also likely to prosper under the new business-friendly Modi administration.

Jet Airways touched an intraday day high of over 3% in trade today.

"I came here wanting to ensure that the environment in which we invested was still there and I leave convinced that I can tell our stakeholders that not only is the investment safe, but there's a very clear road map with a leadership that is moving forward in the right direction for businesses like us," Etihad CEO and president James Hogan said.
07/11/14 Economic Times
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