{"id":273564,"date":"2019-05-09T04:46:33","date_gmt":"2019-05-09T04:46:33","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=273564"},"modified":"2019-05-09T04:55:11","modified_gmt":"2019-05-09T04:55:11","slug":"ed-probes-jet-airways-frequent-flyer-loyalty-programme-deal-with-etihad","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ed-probes-jet-airways-frequent-flyer-loyalty-programme-deal-with-etihad\/","title":{"rendered":"ED probes Jet Airways&#8217; frequent flyer loyalty programme deal with Etihad"},"content":{"rendered":"<p>The Enforcement Directorate (ED) is investigating whether Jet Airways violated the foreign exchange regulations while signing a $150-million (over Rs 900 crore) deal with its strategic partner Etihad Airways in 2014 for a loyalty programme business.<\/p>\n<p>The probe agency rounded up senior executives, including the airline\u2019s chief financial officer, earlier this week to check the nuances of the more than five-year-old transaction under the provisions of the Foreign Exchange Management Act (Fema), sources in the know said.<\/p>\n<p>In 2014, the Gulf carrier had picked up a 50.1 per cent stake in Jet\u2019s frequent flyer programme. The board of Jet Privilege Private Limited (JPPL) had allotted 50.1 per cent shares to Etihad and the remainder to Jet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Enforcement Directorate (ED) is investigating whether Jet Airways violated the foreign exchange regulations while signing a $150-million (over Rs 900 crore) deal with its strategic partner Etihad Airways in 2014 for a loyalty programme business. The probe agency rounded up senior executives, including the airline\u2019s chief financial officer, earlier this week to check the nuances of the more than five-year-old transaction under the provisions of the Foreign Exchange Management Act (Fema), sources in the know said. In 2014, the Gulf carrier had picked up a 50.1 per cent stake in Jet\u2019s frequent flyer programme. The board of Jet Privilege [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-273564","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/273564","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=273564"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/273564\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=273564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=273564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=273564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}