Etihad Airways to divest Jet stake by December: CAPA

Etihad Airways will likely divest its entire 24% stake in Jet Airways by December this year, according to a report by CAPA-Centre for Aviation.

“CAPA research indicates that Etihad may divest its 24% stake in @jetairways, possibly by Q3 of FY2019. This could lead to a rationalisation of capacity between India and the Gulf, particularly Abu Dhabi. #indianaviation,” said the Sydney-based consultant in a tweet.

Jet Airways chairman Naresh Goyal has denied reports of Etihad's exit. He has also denied Jet has been looking for another partner, despite floating industry information of talks with Air France-KLM and Delta Air Lines with whom Jet had deep rooted commercial ties.