Tuesday, September 12, 2017

Etihad to stay on as partner in Jet Airways: Goyal

Mumbai: Despite rumours to the contrary, Abu Dhabi-based Etihad Airways will continue to be a partner in Jet Airways, Naresh Goyal, Chairman, Jet Airways, said at the airline’s annual shareholder meeting. Goyal also announced the induction of Harsh Mohan as Etihad’s representative on Jet’s board of directors.

Mohan is currently the Chief Group Support Services Officer at Etihad Aviation Group. Earlier, James Hogan and James Rigney (former CEO and CFO of Etihad, respectively) were the nominees on Jet’s board. However, they resigned from their posts after announcing in January their intention to step down from the West Asia carrier.

Jet and Etihad have had a three-year partnership, after the latter picked up a 24 per cent stake in the domestic carrier. Goyal said the partnership “continues to deliver synergies across all areas, including network growth, revenue enhancement, operational efficiencies and cost improvement, to the mutual benefit of both airlines...For another year running, Jet Airways, together with Etihad Airways, carried more passengers between India and the Gulf than any other airline.”

The resultant synergies enabled one million passengers to connect between India and North America, Europe, Africa and West Asia over Abu Dhabi, Goyal added.
11/09/17 Business Line