On 3 January, Jet Airways issued a statement to stock exchanges confirming news reports that it was in talks with Abu Dhabi’s Etihad Airways for a potential investment. These discussions, it stated, had commenced recently and there could not, at this stage, be a firm time line as to their progress, considering the complexity of such transnational transactions and the legal requirements of the regulatory structure.
The talks follow the liberalization of India’s foreign direct investment (FDI) policy in the air transport services segment of the civil aviation sector, outlined in Press Note 6 (2012 Series), dated 20 September 2012.
Earlier, the June 2012 report of the civil aviation sector working group to the National Transport Development Policy Committee noted that permitting strategic investment by airlines registered overseas could bring significant benefits for the country.
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