Jet Airways keen to make management position for Etihad

Written By Unknown on Selasa, 19 Februari 2013 | 18.00

Jet Airways has agreed to create management positions for Abu Dhabi-based airways Etihad. Till yesterday, both sides were keen that this deal goes through, but that sticky right of first refusal (RoFR) clause needed to be dealt with, CNBC-TV18's Kritika Saxena quotes sources.
 
Jet Airways is so far not willing to give RoFR clause to Etihad . However, Jet Airways is willing to create management position for it. The positions like chief executive officer (CEO) and chief financial officer (CFO) will remain with Jet Airways. One could probably see special position being created for Etihad, like chief operating officer (COO), chief strategy officer (CSO), etc.

From the discussions and the negotiations that have happened in the last 24 hours the two companies are looking at creating a joint team. This will device a joint go to market and joint strategy for the company.

In the first phase the joint team will be taking care of issues such as asset and fleet integration. In the second phase the more important balance sheet restructuring will be looked into.

Sources say, currently the restructuring of Tail Winds Limited is underway. Jet Airways will be putting shareholding of the India arm in place, in order to shift the shares of the Mauritius arm in the India subsidiary. Around 95 percent shares will be held by Naresh Goyal and remaining by other investors that currently hold stake in Tail Winds Mauritius.

The deal, pretty much has been done, but the issues remain the same. Management issue has been taken care of. Jet Airways is unwilling to give four board seats and willing to go with just three. So, negotiations are on and one needs to wait and watch to see, if the deal will be cracked before Budget as that is something the ministry and Jet Airways have been pushing for.



Anda sedang membaca artikel tentang

Jet Airways keen to make management position for Etihad

Dengan url

http://untukkesehatanda.blogspot.com/2013/02/jet-airways-keen-to-make-management.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Jet Airways keen to make management position for Etihad

namun jangan lupa untuk meletakkan link

Jet Airways keen to make management position for Etihad

sebagai sumbernya

0 komentar:

Posting Komentar

techieblogger.com Techie Blogger Techie Blogger