On 20 November 2013, Jet Airways and Etihad Airways concluded the transaction for the subscription of a 24 per cent minority equity stake in Jet Airways, India’s premier international airline. This follows all government and regulatory approvals received on the 12th of November 2013.
The infusion of foreign direct investment in the Indian aviation sector will result in economies of scale, grow traffic at Indian airports, and create job opportunities. It will greatly benefit all our stakeholders whilst significantly benefitting our guests who will now have access to a more expanded global network, enhancing connectivity for tourists, business travellers, Indian families and the wider travelling public.
India is one of the largest and fastest-growing markets in the world. Through this association, Jet Airways and Etihad Airways will both be strengthened, as will be the economies of India and the UAE. By linking our two networks and adding new flights, new routes and more code-share options, travel to, from and within India will become much easier.
Etihad Airways and Jet Airways will combine their network of 132 destinations, with Jet Airways establishing a Gulf gateway in Abu Dhabi and expanding our reach through Etihad Airways’ growing global network. Under the strategic partnership, the airlines will gradually expand existing operations and introduce new routes between India and Abu Dhabi, providing an ever wider choice to the travelling public. Guests from 55 cities in India will benefit from connections to international destinations. New flights from our home hubs of Mumbai and Delhi and other metro airports will further strengthen our current operations from these airports. Our vision continues to be to develop Delhi and Mumbai airports as our primary home hubs and connecting them to Asian, European and other regions.
The Jet Airways group currently operates a fleet of 113 state-of-the-art wide and narrow-bodied aircraft under the Jet Airways and JetKonnect brand.
© Jet Airways (India) Ltd.