Aviation

Is Etihad manoeuvring a $2.5bn aircraft order for Jet Airways?


DUBAI
India’s Jet Airways may be about to purchase 50 Boeing 737s, Bloomberg reported on Tuesday, raising speculation that Etihad Airways could be behind the deal.

Two months ago Etihad announced at the Dubai Airshow it was ordering 10 Airbus 320s, a single aisle aircraft much like the Boeing 737. But a few days later, it was revealed that the order was for Air Serbia, in which Etihad holds a 49 per cent stake. Etihad simply used its buying power to negotiate a better deal for its equity partner. And in Jet Airways it has 24 per cent stake.

The 737 order, valued at $2.5 billion (Dh9.19 billion), could help Jet Airways fend off looming competition from East Asia with Singapore Airlines and Air Asia planning their own India-based carriers.

Etihad did not respond to a request for comment on its involvement in the Jet Airways Boeing order.

Full report here Gulf News

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