Profit

Jet-Etihad deal not in the interest of Indian aviation: former Air India director

PUBLISHED ON: April 24, 2013 | Duration: 5 min, 20 sec

  
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After Jet Airways announced a 24 per cent stake sale to Gulf carried Etihad, Jitendra Bhargava, former executive director at Air India, told NDTV, the deal bodes bad for Indian carriers, including Air India. "On the one side you are infusing funds into Air India to keep it afloat and on the other side you are facilitating the taking away of passengers. The deal cannot be described as being in the interest of the Indian aviation industry," he added.
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