Japan’s All Nippon Airways Co. Ltd (ANA), which has been in talks with
SpiceJet Ltd and Go Airlines (India) Ltd’s GoAir for a possible stake
purchase, has put the negotiations on hold until greater clarity emerges
on two likely transactions in the airline industry, according to a
report by Deepti Chaudhary and P R Sanjai in Mint.
One of the two transactions involves the purchase of a 24 per cent stake by Etihad Airways PJSC in Jet Airways (India) Ltd for a reported USD 300 million; the other is the start of a new airline by Malaysia’s AirAsia Bhd and Tata Sons. The first was supposed to have been close to signing last month, but has been delayed over Etihad’s concerns about the safety of its investment. The second has just about kicked off with approval by the Foreign Investment Promotion Board, although this involved overcoming the objections of the Ministry of Civil Aviation (MoCA), Government of India.
One of the two transactions involves the purchase of a 24 per cent stake by Etihad Airways PJSC in Jet Airways (India) Ltd for a reported USD 300 million; the other is the start of a new airline by Malaysia’s AirAsia Bhd and Tata Sons. The first was supposed to have been close to signing last month, but has been delayed over Etihad’s concerns about the safety of its investment. The second has just about kicked off with approval by the Foreign Investment Promotion Board, although this involved overcoming the objections of the Ministry of Civil Aviation (MoCA), Government of India.
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