Etihad Airways has no plans to exit Jet Airways partnership

    Jet Airways chairman Naresh Goyal stated Etihad Airways has no plans to exit its three year old equity partnership with Jet Airways, adding that Jet Airways has no plans for another partner (PTI/The Hindu Business Line, 12-Sep-2017). “We have no plans to sell the stake to another investor. Also, our partner Etihad has no intention to exit their investment in Jet Airways”, Mr Goyal said. He added: “Our three-year-young strategic partnership with Etihad Airways continues to to deliver synergies across all areas, including network growth, revenue enhancement, operational efficiencies and cost improvement, to the mutual benefit of both airlines… For another year running, Jet Airways, together with Etihad Airways, carried more passengers between India and the Gulf than any other airline”. The synergies enabled one million passengers to connect between India and North AmericaEuropeAfrica and West Asia over Abu Dhabi, Mr Goyal added. In the recent months there have been reports of exploratory discussions between Jet Airways and Delta Air Lines for a stake sale. Jet has also appointed JP Morgan to consider ways to raise funds to reduce debt levels and support continued fleet expansion at the airline.