Bigger India
Why Etihad Might Bail Out India’s Jet Airways
According to Indian media reports, Etihad is planning a cash injection to increase its ownership share from 24% to 49%, the most a foreign investor is allowed to hold in an Indian airline.
Etihad Airways might be about to double down on a risky investment in India.
Abu Dhabi’s flagship carrier is reportedly looking to increase its stake in cash-strapped Jet Airways, one of the biggest airlines in a market forecast to grow rapidly over the next five years.