CNBC-TV18 is reporting that Delta is exploring the possibility of buying a stake inJet Airways, one of India’s largest airlines. Delta is interested in a 24% stake, which they’d buy for just over 300 million USD.
Continue reading: Delta Allegedly In Talks To Buy A 24% Stake In Jet Airways
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I would rather like Jet flies back to US via AMS to EWR / Chicago / Houston. Their Mum flight and upcoming Bangalore AMS flight can both go to either of these destinations. This will give same service on all these big market sectors. Additionally Delta can connect via AMS / LHR to other US cities.
Also if they can connect SFO / LAX via Hong Kong.
"Etihad Airways Partners." Hmmm I wonder how well that will go down with delta. Also, I thought delta was boycotting all those involved with the gulf carriers.
This is quite interesting. Out of curiosity, is there any possibility that Etihad could be selling their share to Delta? Because, I don't remember the source, but I read an article a few months ago about how Etihad was apparently unhappy about how the Jet management was treating them and that they were defying Etihad's wishes or something to that tune. Don't remember it exactly. But if so, it could solve the conflict of interest. And allow Etihad to focus a bit more in their heavily loss making airlines...
Hopefully the final nudge for Jet to join Skyteam... more options to india would be great
@lucky,
What do you mean Delta doesn't allow skymiles redemption for international first class? Could you clarify this? Thank u
Not that surprising. A DL SVP, Vinay Dube, was just named Jet Airways CEO at the end of May so easy to see how this came together quickly.
@ Endre -- Delta miles just can't be redeemed for international first class. While other alliances allow international first class redemptions across carriers, SkyTeam doesn't, unfortunately. So the only time SkyTeam international first class redemptions are possible is when a contract is specifically negotiated between airlines, and that's not something Delta has chosen to do.
where's that patriotic DL sales rep who has been saddened to tell customers DL no longer flies to India? ('We are not expanding footprints via partnerships!!')
Delta can't be doing too badly if they can sink $300 million into an airline. But the irony, even if Jet had the cash, they sure wouldn't be allowed to sink 24% in a US carrier. Even to buy 10%, the regulation nightmare from the US government, would make it so not worth it.
As everything today it is all about money. Delta would get in bed with Etihad if that makes sense to them even if they consider them enemies. It does not surprise me at all.
It would be great if Delta shed its mindless opposition to Gulf carriers (except Saudia) and partner with Etihad, which already cooperates with Air France-KLM, Alitalia, Virgin Australia, and Jet Airways. Etihad would offer connectivity not just to India but to many other countries around Southern and Central Asia, the Middle East region, East and Southern Africa, and the Indian Ocean. There are all sorts of destinations that DL-AF-KL don't serve, or serve only on a limited basis. Etihad would expand travel options.
"If this happens, it would likely mean that Jet Airways will cut ties with American, though I guess that may happen anyway. That’s unfortunate, since American AAdvantage lets you redeem miles for Jet Airways first class, while Delta SkyMiles doesn’t allow international first class redemptions."
And it happened:
AA has updated their site for Jet Air that miles earn and redeem only till end of year.