Mumbai: The government’s investigations into Jet Airways (India) Ltd and its founder Naresh Goyal could derail plans of the Hinduja Group, Etihad Airways PJSC and Abu Dhabi’s sovereign wealth fund Mubadala Investment Company’s plan to invest in the grounded Indian carrier, people with direct knowledge of the matter told Mint.
Jet Airways’ revival was still a long shot away since there were lots of issues to be resolved for Gulf-based companies to make an investment in the grounded airline, including re-negotiation of bilateral flying rights between India and Abu Dhabi. This would further increase traffic between the Gulf state and India, and also give Etihad Airways access to extra slots, two people with direct knowledge of the matter told Mint requesting anonymity.
“The Hindujas are happy to partner Etihad. But their caveat is to first resolve all pending issues before making investments. These include ongoing investigations of the airline by security agencies,” said the first of the above mentioned people.
