New Delhi: Civil Aviation Minister Ajit Singh has defended the proposed deal for Gulf carrier Etihad Airways to buy 24 per cent of Jet Airways for Rs. 2,058 crore. He has also denied speculation that he is contemplating quitting the UPA government as he is upset that the deal has hit turbulence.
Last month, the Foreign Investment Promotion Board (FIPB) deferred a decision on clearing the Jet sale to Etihad. Also, the Prime Minister's Office has raised concerns about a decision to hand 36,670 extra seats on Indian flights to Abu Dhabi, whose national carrier is Etihad, in a separate bilateral agreement signed on the same day as the Jet-Etihad deal was announced.
One of the reservations shared is whether the bulk of the seats on this route would be controlled largely by the Jet-Etihad entity. A note written by an official in the Prime Minister's Office in June has said that the cabinet must review this decision.
02/07/13 Sandeep Phukan/NDTV
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