The Etihad-Jet Airways deal will help infuse new lease of life to the troubled Indian aviation sector which has been navigating headwinds from the economic slowdown that resulted in a drop in passenger traffic and increase in operational costs, an apex industry body said.
Induction of capital by Etihad, one of the most efficient airlines of the world will not only improve the financial position of Jet Airways but also bring several operational benefits, as well as give an extended reach to the Indian carrier, said the Associated Chambers of Commerce and Industry of India.
Etihad is currently in negotiations with Jet to acquire its 24 per cent stake amid Indias relaxed Foreign Direct Investment policy that allows foreign airline companies to take up to 49 per cent in the local airline firms.
Etihad is expected to increase its stake in Jet to 49 per cent over several years and has, in the last two years, picked up strategic stakes in several global carriers like Virgin Australia, Air Seychelles and Aer Lingus.
In a way, Jet would become part of the big Etihad reach all around the world.
The Etihad-Jet deal would also send positive signals among global investors who wish to invest in different sectors of the economy, it said in a statement.
However, a lot more needs to be done from both the industry, as well as, the policy perspective and clarity to bring back the vibrancy to the sector, which had made a very good start, but was caught in the air-pockets mid-way.
Among others, the apex body urged the government to ensure that all the mandatory clearances from the Foreign Investment Promotion Board and even from the Reserve Bank of India should be given expeditiously so that a refurbished entity takes off with a renewed vigour.
It said ,after the Etihad-Jet deal, fresh efforts should also be made to revive the grounded Kingfisher Airlines.
Bernama
Mon Feb 04 2013
Wanita Palestin mengamuk di WTKL mohon maaf, tertekan fikir anak di Gaza
Aminah berkata, perbuatan di luar kawalan itu berlaku disebabkan rasa tertekan memikirkan keadaaan anaknya yang masih berada di Gaza.
Mangsa banjir di Perak terus meningkat, Selangor menurun
Jumlah mangsa banjir yang ditempatkan di PPS di Perak terus meningkat pagi ini manakala jumlah mangsa di Selangor menunjukkan penurunan.
Letupan baharu menggegarkan Beirut
Memetik laporan Associated Press, rejim Zionis turut menyerang kem pelarian Palestin jauh di utara buat kali pertama ketika ia menyasarkan kedua-dua pejuang Hezbollah dan Hamas.
Pelabur makin yakin, Malaysia disaran tingkatkan keperluan RE
Keperluan tenaga boleh baharu (RE) di negara ini semakin meningkat seiring keyakinan pelabur asing khususnya untuk mewujudkan pusat data, kata Timbalan Perdana Menteri, Datuk Seri Fadillah Yusof.
Dua minggu hilang, nasib Orang Asli Zuzina masih misteri
Pelbagai pihak masih mencari wanita orang Asli Zuzina Abine yang hilang selepas keluar rumah sejak 20 September lalu.
Ringgit dijangka berbanding dolar AS minggu depan
Ringgit dijangka kekal pada paras 4.21 hingga 4.22 berbanding dolar AS minggu depan, tetapi dengan kecenderungan meningkat terhadap dolar AS selepas data senarai gaji bukan ladang (NFP) Amerika Syarikat (AS) bagi September meningkat mendadak kepada 254,000 pekerjaan.
[TERKINI] Enam rakyat Malaysia selamat tiba dari Lubnan pagi ini
Kementerian Luar Negeri mengesahkan seramai enam orang rakyat Malaysia daripada sebuah keluarga selamat tiba di Lapangan Terbang Antarabangsa Kuala Lumpur (KLIA) dari Lubnan pada pagi ini (6 Oktober 2024).
Konvoi motosikal Seru For Gaza, cerminan sokongan sesama saudara
Liputan Wartawan Astro AWANI, Faida Rahim di acara konvoi motosikal Seru For Gaza di Cafe Rosco sebagai cerminan sokongan kepada saudara sesama Islam di Gaza, yang sudah setahun diperangi keganasan Israel.
Kenanga jangka OPR stabil 3.0 peratus pada 2025
Kenanga Investment Bank Bhd menjangka Kadar Dasar Semalaman (OPR) kekal stabil pada 3.0 peratus sepanjang 2025.
88 badan pensijilan halal luar negara dapat pengiktirafan JAKIM
Jabatan Kemajuan Islam Malaysia (JAKIM) telah memberikan pengiktirafan kepada 88 badan pensijilan halal luar negara setakat Mei tahun ini.