Aerospace Diary

AIN AIR TRANSPORT PERSPECTIVE  »  AUGUST 5, 2013 by    NEELAM MATHEWS Etihad Airways chief executive James Hogan (left) and Jet Airways chairman Naresh Goyal. (Photo: Etihad Airways) August 5, 2013, 12:10 PM Clearance of Etihad Airways’s $380 million investment in Jet Airways by India’s Foreign Investment Promotion Board ( FIPB ) last week has paved the way for completion of the deal. The airlines now await approval from the Cabinet Committee on Economic Affairs ( CCEA ), which oversees foreign investment proposals of more than $200 million, and security clearances of foreign nationals. Numerous caveats in the shareholder agreement now address concerns about the possibility that Etihad Airways would gain control of Jet Airways, despite the fact that the deal would give Etihad only a 24-percent stake. The restructured airline’s board would consist of 12 members, four appointed by Jet and two by Etihad (compared with the origi...

Neelam Mathews Jan 11, 2013 Based  on  the recommendations of  Foreign   In vest ment   Promotion   Board  (FIPB) in its  meeting  held on December 21, 2012, the following relating to defense were deferred. M/s  Selex  Galileo Ltd., England To set up a JV to undertake the business of marketing, development, final assembly and test, system integration, in country support and other services to those products, primarily in defense electronics sector. M/s Mahindra and Mahindra Ltd. To amend the  para  1 and 4 of the FC approval.  The company is engaged in the business of to develop, manufacture and provide service support for radar systems and various kinds of defense electronic systems and various kinds of defense electronic systems. M/s  Amertec      Systems Pvt. Ltd, New Delhi             Induction of foreign equity to carry  out the manufacturing...