The deal has already been cleared by SEBI and FIPB. Once the deal is clinched after CCEA approval, Jet promoter Naresh Goyal would hold 51 percent stake and Etihad 24, with 25 percent remaining with the public.
Amid turbulent times in the aviation space, top executives of listed carriers have seen their salaries coming down, with low-cost SpiceJet's CEO taking the biggest cut.
Talking about the deal in an interview to CNBC-TV18, Kapil Kaul, CEO, South Asia CAPA believes the benefits to Etihad outweigh the benefits to Jet Airways. He further added, Jet is a very valuable asset especially in the market which is going to perhaps be the fastest growing market for next two to three decades.
Saroj Datta, former director, Jet Airways feels that fall in rupee against the dollar has hugely impacted the already ailing aviation industry.
Saroj Datta, Executive Director, Jet Airways, says if foreign airlines enter the Indian market, we will be back to a situation where the international carriers control the skies
Saroj Datta stepped down as board member and executive director of Jet Airways recently, after almost decade at the airliner. CNBC-TV18 catches up with him to source out his rich experience and the way forward for the industry as he sees it.
After spending twenty years at Jet Airways, Saroj Datta, executive director and a board member completes his service tenure with the country’s largest private sector airline.
One of the top Jet Airways officials, Saroj Datta, may step down by September 2011, reports CNBC-TV18’s Swati Khandelwal Jain.