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).