According to petitioner Subramanian Swamy, the Jet-Etihad deal is likely to affect Air India as it will sieze away the importance of national airline, which is already bleeding.
The SC has said that it has not stayed the deal itself but sought replies in four weeks. It hs send notices to aviation ministry, Foreign Investment Promotion Board (FIPB), commerce ministry, Jet Airways and Etihad .
According to Kapil Kaul of CAPA, the Jet-Etihad deal is unlikely to face anymore hurdles in its operations and the approval by the CCI is just a formality, the deal can progress and get operational.
Speaking to CNBC-TV18, Aditya Ghosh of Indigo says the strong numbers were a result of better revenues and capacity expansion. The profit after tax (PAT) of the company came to the tune of Rs 787 crore.
The Cabinet approved the India-UAE Aviation Bilateral Pact. The bilateral pact would primarily help Etihad since they would get access to one of the largest and fastest growing aviation markets in the world, says Kapil Kaul, CEO - India & ME, CAPA.
JN Gupta, former ED, Sebi and founder of advisory firm, SES, says, in an interview to CNBC-TV18, that Etihad must file an open offer if its share of control in Jet exceeds Sebi's norms.
Post theJet-Etihad deal, all eyes are set on Delhi-based SpiceJet. Despite strong rumours that the carrier is in talks with Qatar Airways for a potential stake sale, Neil Mills, the firm‘s CEO has clarified that though foreign players have evinced interest in the airline, he cannot confirm any name as of now.
While hailing the Jet-Etihad deal announced on Wednesday, Saroj Datta, former executive director, Jet Airways, says foreign airways will not be able to revive Indian aviation sector.
Welcoming the latest development in the Indian aviation space, Sharan Lillaney of Angel Broking says the Jet-Etihad deal will benefit other aviation players too. The valuations of the deal, according to Lillaney will form a base for other such deal valuations.
director general & CEO, IATA Tony Tyler told CNBC-TV18 that lower taxes, tighter control on costs and creation of adequate infrastructure are key to a business environment that will lure increased investment into the aviation sector