Dubai: India’s Jet Airways is generating more revenue and passengers for
Etihad Airways than any other airline the Abu Dhabi carrier holds
stakes in.
Etihad purchased a 24 per cent stake in Jet Airways for $379 million (Dh1.4 billion) in 2013. It also injected $220 million and spent a further $150 million purchasing a majority stake in the airlines frequent flyer programme.
Etihad purchased a 24 per cent stake in Jet Airways for $379 million (Dh1.4 billion) in 2013. It also injected $220 million and spent a further $150 million purchasing a majority stake in the airlines frequent flyer programme.
“Jet Airways is now our number one equity partner for revenue and passenger contribution on Etihad Airways. India is now Abu Dhabi’s number one source market for international visitors,” Etihad President and Chief Executive, James Hogan, said in an emailed joint statement from Etihad and Jet Airways on Friday.
Etihad owns stakes in seven other airlines including Italy’s Alitalia, Virgin Australia and Ireland’s Aer Lingus.
14/08/15 Gulf News
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