Etihad receives India’s nod for stake in Jet’s JPPL

February 9, 2014 6:36 am

Etihad Airways has received the approval from India for its acquisition of 50.1% stake in Jet Privilege Pvt Ltd (JPPL), a customer loyalty programme unit of the Indian carrier, PTI has reported. The Competition Commission of India said the deal was unlikely to have any adverse impact on market competition, as Etihad’s purchase of 24% stake in Jet Airways has already been approved and the two carriers were already partners in their respective frequent flyer programmes.