Despite various setbacks, Jet Airways says the deal with Abu Dhabi-based Etihad Airways is in its final stages, with the necessary financial and regulatory approvals likely to be completed within the next few months. In April, Jet Airways sold a 24% stake to Etihad Airways. The Middle Eastern carrier will subscribe to 27.3 million new shares of Jet Airways at 754.74 rupees ($13.92) per share. As part of the agreement, which was approved by Jet’s board of directors, the majority ownership of Jet will remain with Indian nationals.
ATR estimates airlines will buy 1,340 turboprop airliners with 90 seats during the next 20 years, which sounds like a good market. But it could be a cramped one. If all five of the aircraft proposed for the segment go ahead, each will average a production run of fewer than 300.
