Jet Airways India ( BOM:532617) is the best of them all, and is down 3.5%.
Etihad Airways is to take a 24% stake in India's budget carrier, Jet Airways.
BBC: Etihad Airways to take 24% stake in India's Jet Airways
Jet Airways CEO Naresh Goyal thanked the Indian government for making the deal possible.
FORBES: Etihad Airways First To Take Advantage Of India's Newly Opened Airline Market
Mr. Goyal currently holds around 80% of Jet Airways through his ownership in Tail Winds Ltd.
And last week, Abu Dhabi-based airline Etihad Airways agreed to buy 24% of Jet Airways (India) Ltd.
Last month, some local airlines including Jet Airways have offered cheaper fares for advance bookings to attract customers.
Jet Airways continues to operate flights to London from these Etihad owned slots.
FORBES: Etihad Airways First To Take Advantage Of India's Newly Opened Airline Market
The fresh funding is good news for the airline whose shares--like those of rivals--Jet Airways (India) Ltd. and Kingfisher Airlines Ltd.
Etihad Airways of the United Arab Emirates in April agreed to purchase a 24% stake in India-based Jet Airways (India) Ltd.
Both options will end up with Mr. Goyal holding a 51% stake in Jet Airways, and Etihad holding about 24 %, he added.
Both options would end up with Mr. Goyal holding a 51% stake in Jet Airways, and Etihad holding about 24 %, the person added.
Etihad wants a promise from Jet Airways that it will pay any taxes the Indian government might demand on the deal, the person added.
The minister also said that a promised merger announced last month between two private domestic carriers, Jet Airways and Air Sahara , would be permitted.
MUMBAI Indian billionaire Naresh Goyal will initiate a complex transaction in the coming days to sell about 24% in India's leading carrier Jet Airways (India) Ltd.
As yet, no operators have taken advantage of the new rules, although the UAE's Etihad Airways is in talks to buy a stake in Jet Airways.
Mr. Goyal will have a majority stake in the new entity, and continue to indirectly own 51% of Jet Airways, the person familiar with the discussions said.
Earlier this month, India's Jet Airways had to cancel hundreds of flights after pilots struck work over the sacking of two of their colleagues in August.
MUMBAI--Indian billionaire Naresh Goyal will initiate a complex transaction this week or early next week to sell around 24% in India's leading carrier Jet Airways (India) Ltd.
Mr. Goyal will have a majority stake in the new entity, and continue to indirectly own 51% of Jet Airways, the person familiar with the deal discussion said.
The multi-part transaction being discussed for Jet Airways' sale to Etihad will first involve the transfer of all of Mr. Goyal's Tail Winds shares to a new company.
Its white knight, Etihad Airways of the United Arab Emirates, seems to have found a new airline to court in the form of Kingfisher rival Jet Airways.
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Etihad said in a statement today that the deal will bring Jet Airways closer to UAE and that much closer to Etihad terminals in Europe and the United States.
FORBES: Etihad Airways First To Take Advantage Of India's Newly Opened Airline Market
Mr Hogan confirmed to the BBC that his airline was "evaluating" whether to take a stake in India's second largest carrier, Jet Airways, following the Indian government's relaxation of rules governing foreign direct investment.
Jet Airways share holders loved the news.
FORBES: Etihad Airways First To Take Advantage Of India's Newly Opened Airline Market
Flying from Zurich, Bachchan tolerated a late takeoff along with all the other passengers on the mostly full British Airways jet.
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That impressive streak could have been, but was thankfully not, broken on Thursday when a bird strike apparently caused both engines on a US Airways jet to lose power.
For example, starting in August, a British Airways jet stuck on the tarmac for more than four hours at Kennedy Airport in New York is subject to fines imposed by the US Department of Transportation.
Some of the eight masked assailants stood in front of the Helvetic Airways jet plane with machine guns, pointing laser sights at the pilots inside the cockpit while others forced ground staff to open the plane's cargo doors, according to Belgian prosecutors and other people familiar with the events.
Top 5 airlines by number of international passengers: United, American, Delta, US Airways, Jet Blue.
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