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Etihad News

Premier League: Manchester City's revenue exceeds Manchester United's for first time
City reported club record revenue of £569.8 million ($780 million) for their title-winning 2020-21 season.

As CAS overturns Manchester City's two-year suspension from European football, here's all you need to know
In a huge win for Manchester City, the Court of Arbitration for Sport (CAS) overturned club's two-year suspension from European football. Here's all you need to know about the case.

Etihad Airports reports $870 mn loss in 2019; airline says result 'encouraging' after losing billions in recent years
Etihad attributed the lower revenues to cutting back on routes as part of its restructuring plans

Air India sale: Govt's proposed deal to sell national airline sweeter than expected; buyer can recover investment, say analysts
Given the number of aircraft owned by Air India and its low-cost subsidiary Air India Express, a buyer can recover a major portion of the investment by adopting sale and lease back of airplanes

Air India privatisation: IndiGo, Etihad show interest in ailing national carrier; govt likely to come up with EoI next month
Representatives from these companies (IndiGo and Etihad) have met government officials and, unofficially, shown interest in the national carrier.

Champions League: Manchester City manager Pep Guardiola says Kevin De Bruyne injury 'not serious'
Manchester City manager Pep Guardiola is hopeful Kevin De Bruyne could be fit for Sunday's Premier League meeting with Wolves.

Jet Airways crisis: Etihad Airways says will not express interest to invest in cash-strapped airline on unresolved liabilities
Etihad acquired a 24 percent stake in Jet Airways in 2013, at a time when the carrier had needed significant financial support.

Days after submitting EoI for Jet Airways, Vedanta's Anil Agarwal says not interested in debt-laden airline
In April, Etihad had presented a conditional expression of interest to reinvest in Jet Airways as a minority stakeholder, with a partner, but it did not materialise.

Jet Airways crisis: Etihad says not feasible to reinvest in cash-strapped airline, cites unresolved issues concerning liabilities
Gulf carrier Etihad, which holds 24 percent stake in Jet Airways, on Monday said it has decided not to reinvest in the airline due to unresolved issues concerning liabilities

Stock exchanges to impose trading restrictions on Jet Airways shares from 28 June to curb excessive volatility
Cash-starved Jet Airways suspended operations in April and lenders are working on ways for a revival of the airline

Jet Airways revival: Etihad Airways bids for minority stake in beleaguered airline; SBI-led lenders’ consortium, NIIF to get hit
Etihad Airways’ decision to bid for Jet Airways could possibly be a way to preserve the bilateral it was given, as well as to protect its India feed.

Jet Airways employees’ bailout offer: No harm in trying because buyer apathy in any case stares at banks
Unfortunately for Jet Airways employees, there is nothing to leverage with the grounded airline's net worth in the negative.

Jet Airways shares plunge 22.5%, hit 1-year low amid reports hint at lack of interest among bidders to follow up EoI
Jet Airways ceased operations on 17 April after months of financial difficulties and multiple attempts at saving the oldest private sector airliner failed.

Jet Airways debacle: Satyam-style model worked with Tech Mahindra but will not be answer to cash-strapped airline's fortunes
So much so, even if IndiGo, for example, agrees to take Jet Airways in its wide wings on merger, it would not be enough because the cash crunch would spread from Jet Airways to Indigo.

Jet Airways crisis: Debt-laden airline needs bigger cheque, experienced turnaround team to avert shutdown
Delta/KLM/Air France, the troika that is one of Jet Airways biggest partner for international travel, has already stopped accepting bookings for transporting Jet Airways customers on their planes under the code share pact.

Jet Airways crisis: European cargo agent seizes debt-laden airline's plane in Amsterdam over non-payment of dues
In a statement, Jet Airways said flight 9W 231 from Amsterdam to Mumbai scheduled for April 10, has been delayed due to operational reasons.
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Jet Airways crisis: Naresh Goyal says ready to pledge rest of his shares in cash-strapped airline for Rs 1,500-cr interim fund
Amid acute financial crunch, which has also forced it to delay salaries to employees and payments to banks, aircraft lessors and vendors, Jet Airways is struggling to remain afloat.

Jet Airways crisis: Monetising privilege points might not shore up the sagging fortunes of cash-strapped airline
Jet Privilege has partnerships with 25 foreign carriers and any member can choose a carrier of choice to fly abroad by redeeming their JPMiles, although taxes need to be paid separately for such flights.

DGCA approves Jet Airways' summer schedule only till 25 April; other carriers get nod till 26 October
A major crisis at the struggling Jet Airways was averted Sunday after its pilots' body, National Aviator's Guild, deferred till 15 April its call for halting operations.

Jet Airways crisis: SBI-led consortium draws out fresh plan to revive debt-laden airline; Etihad not keen to invest more
Etihad, Jet Airways' previous strategic partner, is not keen to invest more and hike its stake in the cash-strapped airline, said the report.