Abu Dhabi-based Etihad Airways has confirmed it is going to take a stake in Jet Airways of India, ending weeks of speculation a couple of possible deal. Etihad said the move would allow it to take a larger foothold within the growing Indian market. It follows a sequence of equity investments all over the world from the ambitious carrier, with Etihad also having taken stakes in Aer Lingus, Seychelles Airways, airberlin, and Virgin Australia. The latest $379 million investment is the primary by an overseas operator in an Indian airline since ownership rules were relaxed. The government initiative was designed to give carriers in India with deep-pocketed global partners. Following the deal Jet is probably going to profit from strategic expertise, cheap financing and possible fuel import benefits as well...
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