Loss spoils Jet Airways deal delight

The shareholder agreement treats Etihad as a "public shareholder", thereby exempting it from making an open offer email this article Subject line: Your Email: Send me a copy: Recipients Id: Type address separated by commas Enter the characters shown in the ...

Jet Airways (India) has reported a higher net loss of Rs.495.5 crore for the fourth quarter ended March 31, 2013, as compared to Rs.298 crore in the corresponding period in the previous year. This was due to higher fuel cost and depreciation of the rupee ...

Jet Airways today said its 24% stake sale to the gulf carrier Etihad will bring down its debt to USD 1.5 bn from the current USD 2.1 bn MUMBAI: Jet Airways today said its 24 per cent stake sale to the gulf carrier Etihad will bring down its debt to USD 1.5 ...

Jet Airways scrip today fell by 5 per cent on profit booking ahead of quarterly results, even as its shareholders approved the sale of 24 per cent stake to Abu Dhabi-based Etihad. After falling 4.66 per cent to Rs 557 in intra-day trade, shares of the carrier ...

Jet Airways (India) at its EGM held on May 24, 2013 has approved the preferential allotment of 2,72,63,372 equity shares of Rs 10 each to Etihad Airways PJSC at a price of Rs 754.736 per share.

Jet Airways re-amends shareholder agreement signed with Etihad Airways, removes control clauses, which would have conferred substantial management rights to middle-east airline.

The go-ahead by the shareholders to the deal subjected to fulfillment of all regulatory approvals did little to cheer the jittery stocks of the carrier.

The S&P BSE Sensex rallied over 100 points in morning trade on Thursday, led by gains in ICICI Bank, HDFC and Tata Motors.

Stake transfer seen as part of efforts to bring down foreign holding to meet FDI norms after Etihad buys fresh shares of the company. Jet Airways chairman Naresh Goyal has transferred around 29 per cent stake in the country's second-largest carrier ...