Jet Airways –Ethihad contract would be slowly done


The contract between Jet Airways and Ethihad would be signed later. Ethihad a well known Aiways Company base on Abhudabi and Jet Airways would meet with an agreement only by the next month. The contract would be not yet been activated because of the certain discussions is being pending on the appointment of the Board of Directors from each of the group. The Ethihad Chairman Sheikh Hamid Bin had said that the investment in Jet Airways would be once again checked and the decision would be announced soon said by the chairman of Ethihad Group. Ethihad group had said that they want 4 board members in the business ,but Jet Airways had said that only 3 members are allotted and they must be Indian in Origin in these all matters the Jet and Ethihad really wanted a solution .The Ethihad had insisted that they would get the Chief Finance officer in the new venture.The ethihad had said that they would take about 23 % of the shares of the Jet group. This must compounded to a value of about 33crore dollars.

Leave a Reply

Your email address will not be published. Required fields are marked *

*
*