Jet Airways of India to sell 24 percent stake to Jet Etihad.
• The deal is said to be very important for Jet Airways, which at present, is facing significant challenges in terms of finance.
• The deal will enable the Indian civil aviation industry, because there will be an enhanced capacity, bringing down of airfares as well as increased competition.
• The deal, after the final approval, will instill more confidence on a global level in the airline industry of India.
• The deal will primarily benefit the partners, while at the same time, improving the prevailing investment climate of India.
• The deal is also very good for the civil aviation sector as well as passengers in India. There is a need of foreign investment in the infrastructure sector of India. The deal will therefore reaffirm the confidence of the investors in India’s growth.
• The Jet-Etihad deal would garner approximately 2058 crore Rupees or 379 million US dollar for the Jet Airways, which in turn, will be used by it for paying off the debts as well as providing better passenger connectivity.
• The deal will enable the passengers from 23 cities of India to get direct international flights.
• The deal will also enable the passengers in India to avail the frequent flyer programmes of Jet Airways and Etihad.
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