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Jet Airways In Talks With Etihad - Stake Sale  
User currently offlineAF185 From Hong Kong, joined Sep 2012, 260 posts, RR: 0
Posted (1 year 11 months 1 week 1 day 11 hours ago) and read 4551 times:

Quote:
Jet Airways (India) Ltd. (JETIN), Asia’s second best-performing airline stock this year, is in talks with Eithad Airways to sell a stake, an Indian government official said today.

SpiceJet Ltd. (SJET), the nation’s only publicly traded discount carrier, is in discussions with Malaysia’s AirAsia Bhd. (AIRA) for a stake sale, the official, who asked not to be identified citing rules. The government expects Jet Airways’ deal with Abu Dhabi- based Etihad to conclude in 45 days, the official told reporters in New Delhi.

Jet Airways executives, including Chief Commercial Officer Sudheer Raghavan, are in Abu Dhabi for talks on the stake sale, Economic Times reported, citing people it didn’t identify. A deal will help the Indian company tap the Gulf carrier’s global network, while Etihad can benefit from rising travel demand in India, said Binit Somaia at CAPA Centre for Aviation.

More on that story here: http://www.bloomberg.com/news/2012-1...ad-may-buy-stake-mumbai-mover.html


I am wondering if this could have an impact on Jet's alliance decision since Etihad is also getting close to AF-KL...

[Edited 2012-11-25 22:35:36]

12 replies: All unread, jump to last
 
User currently offlineIndianicWorld From Australia, joined Jun 2001, 2992 posts, RR: 0
Reply 1, posted (1 year 11 months 1 week 1 day 10 hours ago) and read 4474 times:

Quoting AF185 (Thread starter):
I am wondering if this could have an impact on Jet's alliance decision since Etihad is also getting close to AF-KL..

EY has taken stakes in numerous carriers now, including VA/DJ, HM and AB, of which the first 2 are unaligned and the latter is a member of OW.

Its not exactly set on one alliance and looks set to instead have a foot in all corners.


User currently offlinedelimit From United States of America, joined Jan 2009, 1513 posts, RR: 2
Reply 2, posted (1 year 11 months 1 week 1 day 6 hours ago) and read 4152 times:

True, however it should be noted that EY has said AB should switch to SkyTeam.

EY pushing an alliance shift on Jet is not out of the range of possibility.
More potential alliance drama for India. Fun!  


User currently offlineNimish From India, joined Feb 2005, 3264 posts, RR: 9
Reply 3, posted (1 year 11 months 1 week 1 day 6 hours ago) and read 4111 times:

I hope this closes soon and EY does indeed push 9W into Skyteam. That would leave *A begging AI to come back to it's fold - quite a hilarious situation given the current events where it's AI pleading to be let (back) into *A.


Latest Trip Report - GoAir BLR-BOM-BLR
User currently offlineJOYA380B747 From India, joined Mar 2005, 534 posts, RR: 1
Reply 4, posted (1 year 11 months 1 week 1 day 5 hours ago) and read 3979 times:

Haha.... this is really getting interesting now.

If AI is still hell bent on getting into Star, the Govt might be really supporting this possible move.



If it wasn't for AI and those money mongers sitting in the parliament, 9W would have been as big as SQ...:(
User currently offlineual777uk From United Kingdom, joined Nov 2005, 3356 posts, RR: 1
Reply 5, posted (1 year 11 months 1 week 1 day 4 hours ago) and read 3850 times:

But are we not forgetting that Jet have made it perfectly clear in the past that they are not interested in ST. Cash injection from EY or not that anymore than EY injecting cash into AB has seen them jump ship etc.

Quoting IndianicWorld (Reply 1):
Its not exactly set on one alliance and looks set to instead have a foot in all corners.

      Exactly.


User currently offlinegoacom From United States of America, joined Feb 2009, 98 posts, RR: 0
Reply 6, posted (1 year 11 months 1 week 1 day 1 hour ago) and read 3630 times:

Quoting Nimish (Reply 3):
I hope this closes soon and EY does indeed push 9W into Skyteam. That would leave *A begging AI to come back to it's fold - quite a hilarious situation given the current events where it's AI pleading to be let (back) into *A.

I highly doubt *A would want anything to do with AI under any circumstances. The "baggage" that AI carries (no pun intended) would be too much for them to handle.


User currently onlineMaverickM11 From United States of America, joined Apr 2000, 17681 posts, RR: 46
Reply 7, posted (1 year 11 months 1 week 1 day ago) and read 3621 times:

Interesting transaction--9W has the potential to make EY/QR/EK somewhat irrelevant if they ever got their act together.


E pur si muove -Galileo
User currently offlineLJ From Netherlands, joined Nov 1999, 4464 posts, RR: 0
Reply 8, posted (1 year 11 months 1 week 21 hours ago) and read 3397 times:

Quoting delimit (Reply 2):
More potential alliance drama for India. Fun!

It's about time a Bollywood producers makes a movie or soap about the Indian aviation industry... Enough real life material I would say.

Quoting ual777uk (Reply 5):
But are we not forgetting that Jet have made it perfectly clear in the past that they are not interested in ST. Cash injection from EY or not that anymore than EY injecting cash into AB has seen them jump ship etc.

Yeah, just like QR didn't want influence at CV. Depending on how much of 9W we're talking, EY will want influence if they get 25% or more. You don't buy a stake in an airline just as an investment. You buy it to become part of the strategy you want to pursue (and it doesn't look as if EY wants to have very close ties with Star lately).


User currently offlineHAWK21M From India, joined Jan 2001, 31692 posts, RR: 56
Reply 9, posted (1 year 11 months 6 days 7 hours ago) and read 2915 times:

9W needs the cash......with salaries being paid after the 15th each month......Three B737s declared AOG and 6 powerplants needed to name a few issues........


Think of the brighter side!
User currently offlineKL577 From Netherlands, joined Oct 2006, 776 posts, RR: 0
Reply 10, posted (1 year 11 months 6 days 7 hours ago) and read 2904 times:

Quoting LJ (Reply 8):
It's about time a Bollywood producers makes a movie or soap about the Indian aviation industry... Enough real life material I would say.

Somewhat off-topic, but Indigo has made some steps into the entertainment sector:

http://www.youtube.com/watch?v=Qo-1tcE38Us

Anyway, I sincerely hope 9W someday will join skyteam..., all those domestic flights on 9W may then finally get me a FB elite status.....


User currently offlineAF185 From Hong Kong, joined Sep 2012, 260 posts, RR: 0
Reply 11, posted (1 year 11 months 11 hours ago) and read 2519 times:

According to Bloomberg today, the deal is close to be sealed and EY would take control of 24% of 9W's capital

Story on this link: http://www.bloomberg.com/video/jet-a...t-hand-1c8dufaCTmatq3GVwuBg~Q.html


User currently offlineHAWK21M From India, joined Jan 2001, 31692 posts, RR: 56
Reply 12, posted (1 year 11 months 8 hours ago) and read 2383 times:

Quoting AF185 (Reply 11):
According to Bloomberg today, the deal is close to be sealed and EY would take control of 24% of 9W's capital

Some cash for 9w......would 24% give EY voting rights on the 9W board or would that be 26%.



Think of the brighter side!
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