Someone just viewed: news for Jet: Qatar Airways won’t invest in ‘enemy-controlled’ company Both Etihad and Qatar Airways are promoted by cash rich Gulf Arab emirates, though Qatar Airways swung to losses last year after Qatar was placed under a blockade by neighbouring countries. By : Jacob Nelly Jan 15, 2019 15:44 IST Qatar Airways Group Chief Executive Officer Akbar Al Baker Reuters Qatar Airways’ flashy CEO said on Tuesday he won’t invest in Jet Airways as the Indian carrier is backed by an ‘enemy’ state. “We would definitely look at it (Jet Airways) if a 24 percent stake was not held by Etihad … How can I take a stake in an airline which is owned by our adversary,” he asked, according to Reuters. Etihad Airways, Abu Dhabi’s flagship carrier, has a 24 percent stake in Naresh Goyal-controlled Jet Airways. The debt laden Indian carrier has long been scouting for suitors and investors. Etihad itself had shown interest in raising stake in the Indian full servi ce carrier,

BUT TIS ISNT EPRONAL ALTHOUGH SOE AMEIRCAN IS THERE

WHATS HIS NAME ?

https://www.google.com/search?q=news+for+Jet:+Qatar+Airways+won%27t+invest+in+%27enemy-controlled%27+company+Both+Etihad+and+Qatar+Airways+are+promoted+by+cash+rich+Gulf+Arab+emirates,+though+Qatar+Airways+swung+to+losses+last+year+after+Qatar+was+placed+under+a+blockade+by+neighbouring+countries.+By+:+Jacob+Nelly+Jan+15,+2019+15:44+IST+Qatar+Airways+Group+Chief+Executive+Officer+Akbar+Al+Baker+Reuters+Qatar+Airways%27+flashy+CEO+said+on+Tuesday+he+won%27t+invest+in+Jet+Airways+as+the+Indian+carrier+is+backed+by+an+%27enemy%27+state.+%22We+would+definitely+look+at+it+(Jet+Airways)+if+a+24+percent+stake+was+not+held+by+Etihad+…+How+can+I+take+a+stake+in+an+airline+which+is+owned+by+our+adversary,%22+he+asked,+according+to+Reuters.+Etihad+Airways,+Abu+Dhabi%27s+flagship+carrier,+has+a+24+percent+stake+in+Naresh+Goyal-controlled+Jet+Airways.+The+debt+laden+Indian+carrier+has+long+been+scouting+for+suitors+and+investors.+Etihad+itself+had+shown+interest+in+raising+stake+in+the+Indian+full+service+carrier,+but+had+reportedly+sought+a+controlling+stake.+Goyal,+who+started+the+airline+in+1993,+and+holds+half+the+equity+stake+in+the+company,+had+buffeted+the+idea+initially.+Both+Etihad+and+Qatar+Airways+are+promoted+by+cash+rich+Gulf+Arab+emirates,+though+Qatar+Airways+swung+to+losses+last+year+after+Qatar+was+placed+under+a+blockade+by+neighbouring+countries+including+the+United+Arab+Emirates.+jet+airways,+jet+airways+etihad,+emirates,+emirates+2017+results,+etihad+emirates+merger,+gulf+carriers+hit+by+us+rules,+laptops+banned+to+us+flights+Stewardesses+from+Jet+Airways+(L)+and+Etihad+Airways+listen+to+a+news+conference+by+Naresh+Goyal,+chairman+of+Jet+Airways+and+James+Hogan,+chief+executive+of+Abu+Dhabi%27s+Etihad+Airways,+(both+not+seen)+during+a+news+conference+in+New+Delhi+July+23,+2014.Reuters+file+Saudi+Arabia,+Egypt,+UAE+and+Bahrain+alleged+that+Qatar+was+financing+terrorism+and+siding+with+the+Gulf+Arabs%27+arch+foe,+Iran.+Qatar+denied+all+charges+but+the+financial+embargo+left+biting+impact+on+the+tiny+peninsular+nation+rich+with+natural+gas+reserves.+Al-Baker,+who+presided+over+the+growth+of+Qatar+Airways+as+one+of+the+best-rated+airlines+in+the+world,+said+his+company+was+still+interested+in+Indian+carriers.+There+have+been+reports+that+Qatar+Airways+was+looking+at+a+stake+in+India%27s+leading+domestic+carrier+IndiGo.+It+has+also+been+reported+that+Qatar+Airways+was+looking+at+launching+a+fully+owned+airline+in+India.+However,+Al-Baker+has+categorically+dismissed+the+possibility+of+the+Doha-based+carrier+investing+in+Jet.+%22But+not+in+an+airline+where+substantial+ownership+is+by+the+enemy+of+the+country,%22+he+said.+Tillerson:+Gulf+states+blockade+against+Qatar+hindering+US+military+actions+Jet+Airways+is+reeling+under+a+debt+pile+of+81.5+billion+rupees+(%241.2+billion).+Bloated+costs,+surging+fuel+prices+and+a+weaker+rupee+are+hurting+Jet+Airways.+Peers+such+as+SpiceJet+and+Indigo+had+reported+impressive+profits+during+the+same+period.+According+to+recent+reports,+the+rescue+of+Jet+Airways+now+hinged+on+the+exit+of+promoter+Naresh+Goyal,+which+would+facilitate+infusion+of+capital+by+potential+suitors+like+Etihad+or+the+Tata+Group.+Details+People+on+thread:+YONI+NETANYAHU+OLGA+BLOG+POST+BY+EMAIL&pws=0&gl=us&source=lnms&tbm=isch&sa=X&ved=0ahUKEwiK9dDX_t_lAhXMLo8KHUnCB6EQ_AUIEygC&biw=1536&bih=754&dpr=1.25

Thanks in Advance,
Sincerely
Ajay

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