Etihad to merge with KFA or Jet... Edit: It is Jet

volkman10 · 11th December 2012, 11:32

Kingfisher Airlines to sell 48% stake sale to Etihad Airways for over Rs 3,000 crore.

http://economictimes.indiatimes.com/...w/17567445.cms

TKMCE · 12th December 2012, 23:15

Well if the deal will happen then there has to be a very big "sweetener" in terms of many current lenders writing off some more bad debts. Again the original promoters will enjoy the biggest benefit if it happens. Most of the debt and the distress is borne by other parties... mainly the lenders, the vendors (ranging from those hawking paper clips all the way to aircraft lessors) and the employees.

Interesting times ahead....

sgiitk · 13th December 2012, 11:20

I have my doubts. They are talking to both KFA and Jet. 20% in the latter looks a much better deal.

volkman10 · 31st January 2013, 11:47

Etihad in talks with Jet Airways for investment.
The deal, if closed, will be the first since India relaxed ownership rules in September last year and allowed foreign investors to buy up to 49% in domestic carriers that are battling stiff competition and high operating costs.

Sources:TOI

sgiitk · 31st January 2013, 12:03

I think the Jet-Etihad link up is a done deal. Ironic that Jet had some West Asia equity till the Govt forced the foreigners to sell out. The circle will now be complete.

motomaverick · 1st February 2013, 10:23

Jet has stolen the show with Etihad with a 25% stake for the foreign airlines. The deal will be announced tomorrow is what the news is currently. So the king of good times looses out once again, not surprising.

11th December 2012, 11:32	#1
volkman10 Distinguished - BHPian Join Date: Dec 2010 Location: -- Posts: 23,430 Thanked: 67,867 Times View My Garage	Etihad to merge with KFA or Jet... Edit: It is Jet Kingfisher Airlines to sell 48% stake sale to Etihad Airways for over Rs 3,000 crore. http://economictimes.indiatimes.com/...w/17567445.cms
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12th December 2012, 23:15	#2
TKMCE BHPian Join Date: Dec 2008 Location: Bangalore Posts: 542 Thanked: 1,204 Times	re: Air Deccan and Kingfisher to merge. Well if the deal will happen then there has to be a very big "sweetener" in terms of many current lenders writing off some more bad debts. Again the original promoters will enjoy the biggest benefit if it happens. Most of the debt and the distress is borne by other parties... mainly the lenders, the vendors (ranging from those hawking paper clips all the way to aircraft lessors) and the employees. Interesting times ahead....
	() Thanks

13th December 2012, 11:20	#3
sgiitk BANNED Join Date: Dec 2007 Location: Gurugram Posts: 7,969 Thanked: 4,788 Times	re: Air Deccan and Kingfisher to merge. I have my doubts. They are talking to both KFA and Jet. 20% in the latter looks a much better deal.
	() Thanks

31st January 2013, 11:47	#4
volkman10 Distinguished - BHPian Join Date: Dec 2010 Location: -- Posts: 23,430 Thanked: 67,867 Times View My Garage	re: Air Deccan and Kingfisher to merge. Etihad in talks with Jet Airways for investment. The deal, if closed, will be the first since India relaxed ownership rules in September last year and allowed foreign investors to buy up to 49% in domestic carriers that are battling stiff competition and high operating costs. Sources:TOI
	() Thanks

31st January 2013, 12:03	#5
sgiitk BANNED Join Date: Dec 2007 Location: Gurugram Posts: 7,969 Thanked: 4,788 Times	re: Air Deccan and Kingfisher to merge. I think the Jet-Etihad link up is a done deal. Ironic that Jet had some West Asia equity till the Govt forced the foreigners to sell out. The circle will now be complete.
	() Thanks

1st February 2013, 10:23	#6
motomaverick Senior - BHPian Join Date: Nov 2005 Location: Toronto, Canada Posts: 1,898 Thanked: 989 Times View My Garage	re: Air Deccan and Kingfisher to merge. Jet has stolen the show with Etihad with a 25% stake for the foreign airlines. The deal will be announced tomorrow is what the news is currently. So the king of good times looses out once again, not surprising.
	() Thanks