Singapore Airlines Ltd., Southeast Asia’s largest carrier, posted its biggest quarterly profit in two years after it carried more passengers and gains from hedging jet fuel helped trim the company’s biggest expenditure.
Jet Airways (India) Ltd., the nation’s biggest publicly-traded carrier, fell the most in a week in Mumbai trading after the government deferred a decision on the airline’s plan to sell a stake to Etihad Airways PJSC.
Etihad Airways won Indian government backing to invest in Jet Airways (India) Ltd., paving the way for the first share sale by a carrier in the Asian country to a foreign airline since restrictions were eased.
Jet Airways (India) Ltd. won approval from India’s investment panel to sell a stake to Etihad Airways PJSC, the first share sale by a local carrier to a foreign airline after the nation eased ownership rules.
U.K. Sinha, chairman of the Securities and Exchange Board of India, comments on the definition of control in the regulator’s takeover code. Sinha made the comments to reporters in New Delhi in response to a question whether control was defined differently in rules pertaining to foreign direct investment in the nation’s civil aviation industry.