Jet Airways and SpiceJet are in talks with Abu Dhabi's EtihadAirways and Malaysia's AirAsia Bhd, respectively, to sell minority stakes. Any deal would be the first since India changed its rules in September to allow foreign carriers to buy stakes of up to 49% in local airlines, which have been battered by fierce competition and high operating costs. The deal is not just investment but technology and partnership in many other ways.
MANGALORE NEWS, PUTTUR NEWS, KASARAGOD NEWS, UDUPI NEWS, COASTAL UPDATE, KARNATAKA, KERALA NEWS
Monday, 3 December 2012
Jet Airways in stake sale talks with Etihad (BS)
Jet Airways and SpiceJet are in talks with Abu Dhabi's EtihadAirways and Malaysia's AirAsia Bhd, respectively, to sell minority stakes. Any deal would be the first since India changed its rules in September to allow foreign carriers to buy stakes of up to 49% in local airlines, which have been battered by fierce competition and high operating costs. The deal is not just investment but technology and partnership in many other ways.
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