Jet Airways is a valuable partner; we have no plans to sell stake: Etihad

Says the claims made in the CAPA report are false: 'Jet Airways is a valuable partner of Etihad Airways, and we have no plans to divest'

Abu Dhabi-based Etihad Airways says rejected reports claiming that it might sell its entire 24 per cent stake in Jet Airways by the third quarter of FY 2019.  Aviation consultancy CAPA had said in a report that Etihad could exit Jet as part of a new growth strategy.

The CAPA report, prepared for private circulation, was not available on its website. The consultancy tweeted on Thursday “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.”

CAPA