Tag Archives: 1370

Jet Airways reports a $59 million loss for its fiscal first quarter, Etihad Airways’ purchase of 24% of the shares approved

Jet Airways (Mumbai) reported a $59 million loss in its fiscal first quarter. This is the second quarterly loss for the carrier. Etihad Airways (Abu Dhabi) has secured regulatory approval to a 24 percent share of the carrier for $379 million.

Etihad Airways is on a buying spree to acquire minority shares of smaller carriers to code-share with and also to increase traffic for both carriers.

Read the full financial report: CLICK HERE

Read the Chairman’s Speech: CLICK HERE

Copyright Photo: TMK Photography/AirlinersGallery.com. Airbus A330-302 VTY-JWT (msn 1370) departs from Toronto (Pearson).

Jet Airways: AG Slide Show