April 25, 2013 10:55 AM

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Aviation experts welcome Jet-Etihad deal

The Jet-Etihad deal under which Jet will sell 24 percent shares worth $379 billion to Abu Dhabi based Etihad Airlines has been welcomed by aviation experts. The Regional head of the Center for Asia Pacific Aviation, CAPA said that it is a game-changing opportunity for Etihad, and India. He said that Jet would benefit from strategic expertise, cheap financing and possible fuel import benefits in addition to the capital injection. The deal is also being seen as a vindication of economic reform initiatives undertaken by the Government of India to attract investment from overseas companies .

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