Tag Archives: Jetihad

by Devesh Agarwal Last week’s deferral by the Foreign Investment Promotion Board (FIPB) of the proposal of Abu Dhabi based Etihad Airways to buy a 24% stake in Jet Airways has brought to light how the middle-eastern carrier will have an equal or higher say in the functioning of Jet despite owning just 24%. The deferral has also shed light …

Ever since the Jetihad deal was announced in late April, where Jet agreed to sell 24 per cent stake for Rs. 2,042 crore to Etihad Airways, we industry watchers were waiting to see when the casualties of senior management at Jet Airways would commence. Officially Etihad will get three seats on the Jet board, including the CEO, but it is …

Earlier this week in a press conference at Amsterdam’s Schiphol Airport, Etihad CEO broke the news that Indian full service carrier Jet Airways will be transferring its European scissors hub from Brussels to Amsterdam. Thanks to the recently created Jetihad partnership (Etihad owns 24% of Jet Airways), Etihad exerts significant control over Jet’s international strategy. Jet Airways currently operates daily …

by Vinay Bhaskara When Abu Dhabi based Etihad Airlines announced in late April that it had acquired a 24% stake in Mumbai Will the MEB3 hold sway? based full service carrier Jet Airways for $379 million, it marked a paradigm shift in the state of the Indian air travel market. The newly formed “Jetihad” partnership would hold a nearly 18% share …

By Oussama Salah, Vinay Bhaskara, and Devesh Agarwal Photo copyright Devesh Agarwal The Indian government often makes curious decisions in setting aviation policy. For example, it encouraged Air India to lower prices to gain market share, causing mayhem in the market place and increasing Air India’s losses. It also recently  allowed Air Asia to expand in India by approving a …

by Devesh Agarwal Jet’s A330 fleet is expected to be deployed to Abu Dhabi The 24% stake sale by Jet Airways to Abu Dhabi owned and based Etihad Airways is a bonanza for both the airlines. For Jet Airways it gets a significant amount of cash it desperately needs to reduce part of its massive two billion dollar debt, since …

Major route announcements came from 2 Middle Eastern carriers yesterday, with Qatar Airways announcing plans to start new services to Philadelphia, Pennsylvania, USA (as well as Addis Ababa and Clark in the Philippines) and newly minted Jet Airways partner Etihad Airways revealing an up-gauge in capacity on its daily Abu Dhabi-New York JFK services to a Boeing 777-300ER. For Qatar …

Etihad Airways to inject additional $220 million in to Jet Airways by Devesh Agarwal We are reproducing the official release. Our analysis of this transaction will follow next week. Jet Airways and Etihad Airways at a glance   Highlights Strategic investment under FDI policy of the Government of India will deliver wide-ranging revenue growth and cost synergy opportunities for both …

by Vinay Bhaskara Abu Dhabi based full service carrier Etihad Airways reported record results for the first quarter of 2013. Revenues grew a whopping 18.7% year over year to $900 million, up from $758 million in Q1 of 2012. In its 10th year of operations, Etihad also saw cargo revenues grow 17% to $193 million. Passenger figures also reached a …

by Devesh Agarwal Sources within Mumbai based Jet Airways indicate the airline has entered into an agreement with Turkish Airlines to dry-lease three of its Boeing 777-300ER (77W) aircraft for one year. The Indian carrier has a total of ten 77Ws in its fleet. Since 2008, the carrier has found it difficult to effectively utilise these highly popular aircraft. It …