Etihad Airways and Jet Airways (9W) have announced finalisation of Etihad’s 24% equity stake in 9W.
An eTNW story in April reported that, under the strategic partnership, which would be subject to full regulatory and shareholder approval, the airlines would gradually expand existing operations and introduce new routes between India and Abu Dhabi and would combine their network of 140 destinations.
Naresh Goyal, chairman of 9W, says: “The infusion of foreign direct investment in the aviation sector will result in economies of scale, grow traffic at our airports, and create job opportunities. I am confident that this investment will greatly benefit all our stakeholders while significantly benefiting our customers, who will now have access to a more expanded global network.”
He adds that, together with Etihad Airways, Jet Airways will enhance connectivity for tourists, business travellers, Indian families and the wider travelling public.
James Hogan, president and ceo of Etihad says: “India is one of the largest and fastest-growing markets in the world and a key part of the Etihad Airways growth strategy.
Through this association, Etihad Airways and Jet Airways will both be strengthened, as will the economies of India and the UAE. By linking our two networks and adding new flights, new routes and more codeshare options, travel to, from and within India will become much easier.”
The collaboration between the airlines will commence immediately.
