A positive for aviation sector

With the domestic aviation sector going through a tough phase, the Jet‐Etihad deal is set to bring in new synergies in the sector, which will augur well for other Indian airline companies as well, according to aviation analysts. The Foreign Investment Promotion Board (FIPB) gave a conditional approval to the Rs 2,058 ‐crore Jet‐ Etihad deal. As part of the deal, Jet Airways will sell 24 per cent stake to the Abu Dhabi‐based Etihad Airways. Mr Kapil Kaul, CEO, Centre for Asia Pacific Aviation (CAPA), said: “The FIPB approval was on expected lines. This is the first major foreign direct investment (FDI) deal for aviation, which is significant for the sector.”

Source: Hindu Business Line

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