Etihad execs said to be filling key Jet Airways roles

At least four executives from Abu Dhabi airline to make move on back of stake sale deal - report
Etihad Airways
By Andy Sambidge
Thu 17 Oct 2013 10:36 AM

At least four executives from Etihad Airways are likely to assume key positions in Jet Airways by the end of year, it was reported on Thursday.

Times of India said the executives will include Willy Boulter, who is currently vice-president commercial strategy and planning at the Abu Dhabi-based carrier, Renyl Rauf, senior manager, mergers and acquisitions, Rangesh Embar, vice-president finance and Rajeev Nambiar, head of sales.

Earlier this month, India's cabinet approved a $330m deal by Etihad Airways to buy a stake in Jet Airways.

Etihad had agreed in April to buy a 24 percent stake in Jet in the first such deal since the Indian government relaxed rules in September 2012 to allow foreign airlines to own up to 49 percent of Indian carriers.

The deal had been delayed due to scrutiny by Indian regulators and also due to opposition from some politicians, before the foreign investment regulator cleared it with conditions in late July.

Etihad will gain a major foothold in India and the neighbouring region taking on rivals Emirates and Qatar Airways.

For all the latest transport news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.

Last Updated: Thu 26 Jan 2017 01:27 PM GST

Subscribe to our Newsletter

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.