Etihad Airways has invested 379 million dollars to buy 24% from Jet Airways
Etihad Airways, the national airline of the United Arab Emirates, has invested 379 million dollars for the purchase of a 24% of the shares of the Indian airline Jet Airways, continuing its strategy of growth and expansion in new markets, through capital investments and strategic partnerships with companies in the regions of interest.
This alliance will bring significant benefits to Jet Airways passengers by providing them with an extensive 140 network of destinations. Jet Airways will use the Gulf Gateway for flights to the US, Europe, Africa and the Middle East. Passengers from both airlines will benefit from fully integrated loyalty programs.
Jet Airways has a fleet of 109 aircraft and flies to 77 from destinations. Etihad Airways has 73 aircraft and flies to 88 destinations. The new partnership will increase the number of frequencies on certain routes and the opening of new ones, thus combining the destination network which will generate a significant increase in traffic at the airports of Abu Dhabi, Mumbai and Delhi.
Let's not forget that Etihad Airways bought 49% from Jat Airways, but also has investments in other airlines: Airberlin (29.21%), Air Seychelles (40%), Virgin Australia (10.5%), Aer Lingus (2.99%).