Sunday, October 09, 2016

Are Etihad and Jet Airways enjoying a 'strong' relationship'?

Abu Dhabi: Etihad Airways and India's Jet Airways have termed news reports questioning their three years old tie-up, as "unfounded."
"Reports circulating about the relationship between Etihad Airways and Jet Airways are absolutely unfounded and baseless," said a spokesman of Etihad Airways, when approached by Khaleej Times.
"Both airlines continue to enjoy a strong, healthy relationship since the forging of the partnership three years ago. Anything to the contrary is completely false, and reports of such are misguided and misinformed," said a joint statement.
In an article, India's business newspaper Economic Times reported on Sunday that the top executives appointed by Etihad Airways have left the Mumbai-based airline. The UAE's national airline had appointed its management after it bought a 24 per cent stake for $379 million three years ago. With their departure, the management control at the airline is back into the hands of Naresh Goyal, whose appointed management team is now running the airlines.
"Etihad Airways entered in to a strategic tie-up with Jet Airways to be part of one of the world's biggest economies. It is a long-term commitment to work together to provide the travelling public to and from India with greater choice and more travel options," the joint statement said.
09/10/16 Haseeb Haider/Khaleej Times 
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