Jet Airways is a valuable partner; we have no plans to sell stake: Etihad

Abu Dhabi-based Etihad Airways says rejected reports claiming that it might sell its entire 24 per cent stake in Jet Airways by the third quarter of FY 2019. Aviation consultancy CAPA had said in a report that Etihad could exit Jet as part of a new growth strategy.
The CAPA report, prepared for private circulation, was not available on its website. The consultancy tweeted on Thursday “CAPA research indicates that Etihad may divest its 24% stake in @jetairways, possibly by Q3 of FY2019. This could lead to a rationalisation of capacity between India and the Gulf, particularly Abu Dhabi.”

CAPA did not share further details on the report. A Jet Airways spokesperson said: "As a policy, Jet Airways does not comment on speculation."
Etihad, which is among the big 3 Gulf airlines built up a global presence stitching up alliances and picking up investments in airlines around the world, including Jet Airways. But following failures at Alitalia and Air Berlin, its two high-profile investments, Etihad is said to be working on a course correction.