Etihad Airways News
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Air India Ltd., the carrier which pays more interest on its debt than any publicly traded Asian airline, plans to borrow $300 million from overseas to repay costlier rupee obligations, according to a company official.
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Shortly after 10 p.m. in Frankfurt, Peter Meany settled into his seat on Qantas Airways Ltd. flight QF6, looking forward to reuniting with his family in Sydney for his son’s birthday after a two-week business trip across Europe.
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Jet Airways (India) Ltd. may announce an order for more than 100 planes from Boeing Co. and Airbus SAS at the Paris Air Show next month, the CAPA Centre for Aviation said, after the carrier won investment from Etihad Airways PJSC.
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Etihad Airways PJSC signed a route- sharing alliance with state-owned South African Airways as the Abu Dhabi-based carrier expands its reach into Africa.
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Air India Ltd., which has received about $1.7 billion in the past four years in government bailouts, is now finding support from state-owned fuel suppliers in its fight for market share.
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Indian companies may defer plans to acquire rivals and add capacity by about three years as they focus on reducing record debt, according to Rahul Shukla, Citigroup Inc.’s local head of corporate banking.
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The Reserve Bank of India said the space for monetary policy to support economic growth remains constrained by elevated consumer-price inflation and a record current-account deficit.
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SpiceJet Ltd., the discount carrier controlled by billionaire Kalanithi Maran, will add flights to mainland China as trade expands between India and the world’s second-biggest economy amid intensifying competition at home.
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The Reserve Bank of India faces pressure to cut lenders’ reserve requirements as banks struggle to woo deposits and resist passing on interest-rate reductions.
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Etihad Airways PJSC’s purchase of a 24 percent stake in Jet Airways (India) Ltd. boosts its position in a high-growth market that’s being targeted by new entrants including AirAsia Bhd. as the state invites foreign investment.
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