AF185
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Jet Airways In Talks With Etihad - Stake Sale

Mon Nov 26, 2012 6:34 am

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]
 
IndianicWorld
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RE: Jet Airways In Talks With Etihad - Stake Sale

Mon Nov 26, 2012 7:33 am

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.
 
delimit
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RE: Jet Airways In Talks With Etihad - Stake Sale

Mon Nov 26, 2012 11:02 am

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!  
 
Nimish
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RE: Jet Airways In Talks With Etihad - Stake Sale

Mon Nov 26, 2012 11:16 am

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.
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JOYA380B747
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RE: Jet Airways In Talks With Etihad - Stake Sale

Mon Nov 26, 2012 12:10 pm

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...:(
 
UAL777UK
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RE: Jet Airways In Talks With Etihad - Stake Sale

Mon Nov 26, 2012 1:55 pm

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.
 
goacom
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RE: Jet Airways In Talks With Etihad - Stake Sale

Mon Nov 26, 2012 4:56 pm

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.
 
MaverickM11
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RE: Jet Airways In Talks With Etihad - Stake Sale

Mon Nov 26, 2012 4:59 pm

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
 
LJ
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RE: Jet Airways In Talks With Etihad - Stake Sale

Mon Nov 26, 2012 8:51 pm

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).
 
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HAWK21M
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RE: Jet Airways In Talks With Etihad - Stake Sale

Wed Nov 28, 2012 10:37 am

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........
I may not win often, but I damn well never lose!!! ;)
 
KL577
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RE: Jet Airways In Talks With Etihad - Stake Sale

Wed Nov 28, 2012 10:53 am

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.....
 
AF185
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RE: Jet Airways In Talks With Etihad - Stake Sale

Tue Dec 04, 2012 6:23 am

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
 
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HAWK21M
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RE: Jet Airways In Talks With Etihad - Stake Sale

Tue Dec 04, 2012 9:48 am

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%.
I may not win often, but I damn well never lose!!! ;)