Deals
Jet Seen Beating Kingfisher for Etihad Funds: Corporate India
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Jet Airways (India) Ltd. may trump Kingfisher Airlines Ltd. in the race for funds from Etihad Airways PJSC, hindering the grounded rival’s efforts to win investment to help restart flights.
Jet Airways’ network, domestic market share and a codeshare pact with Etihad may help it clinch a deal, according to analysts, including Kapil Kaul of CAPA Centre for Aviation. In comparison, Kingfisher stopped flying in October and had its license suspended by Indian authorities following service disruptions caused by five straight years of losses.