Jet Airways Set To Fly High With Etihad Airways Deal
An airline that was always set to make it big ever since it began commercial operations back in the year 1993 when the commercial aviation industry in India was only welcoming private entities, Jet Airways has yet again proved that it is among the best of the crop even today. The airline has been a consistent performer throughout its tenure in the Indian skies and has repeatedly emerged as one that could always be depended upon for timely service. The airline has also been popular for the many code-sharing agreements it struck with different airlines, among them Etihad Airways.
Today, after the news that a deal with Etihad Airways has almost been finalized with the foreign airline expected to buy a 24% stake in Jet Airways, the airline has led the way in becoming the first Indian airline to negotiate successfully a foreign investment deal. This proves that the airline is not only respected among its peers in the aviation industry in India, but is also well known among its peers abroad, no doubt a measure of its efficiency and consistent performance.
The Jet Airways deal comes after the Government of India allowed foreign airlines to buy stakes up to 49% into airlines in India. Though there were quite a few airlines in India that required immediate investments in order to grow and even survive, Jet Airways has managed to get in on the foreign investment bandwagon first, no doubt a result of its excellent reputation in the skies as well as in the market.
