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NewsX Debate: Jet Etihad deal

2019-03-01 0 Dailymotion

NewsX: Even if the PMO denies, civil aviation minster Ajit Singh is defending his ministry on the Jet Etihad deal.It has also be denied that the deal has a turbulent weather. Etihad deal to but 24% of Jet Airways for Rs20.5 billion deal that would allow the Indian carrier to reduce its hefty debt and expand its global reach by using the UAE airline's network.But the deal, the largest foreign investment proposal in the aviation sector, faces regulatory hurdles, with various ministries raising objections over control of Jet after the deal as well as over bilateral plans for an increase in flights between India and Abu Dhabi.