Etihad Injects $35 Million Into India’s Jet Airways Via Loyalty Program
Credit: Rob Finlayson
Part-owner Etihad Airways confirmed Oct. 5 it indirectly injected $35 million, for a 24% stake, into loss-making Indian carrier Jet Airways. The boost came via Jet’s loyalty program JetPrivilege. Jet indicated this might be an option back in August, when it released its financial results for the...
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