We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

Latest News

Etihad’s investment in Jet Airways to be completed in a few months

Abu Dhabi's Etihad Airways

July 17, 2013 10:43 by

India’s Jet Airways expects investments by Abu Dhabi’s Etihad Airways in the airline to be completed within the next few months, Jet chairman, Naresh Goyal, wrote in the company’s annual report.

In April, Etihad agreed to buy a 24 per cent stake in Jet for $379 million. It is also making a $150m equity investment in Jet’s frequent flyer programme, and spent $70m to buy Jet’s three pairs of Heathrow slots through a sale and leaseback agreement announced in February.

“All these investments…are subject to obtaining the requisite regulatory and corporate approvals and final commercial agreements, which is expected to be completed within the next few months,” Goyal wrote to the shareholders.

The deal also needs to be cleared by the capital markets regulator and will need a final approval from a cabinet panel on investments.

Etihad’s investment in Jet, which is the first by a foreign operator in an Indian airline since ownership rules were relaxed, is yet to win regulatory approval. Last month, India’s Foreign Investment Promotion Board (FIPB) deferred a decision seeking more details on “effective control”.


Tags: ,

Leave a Comment