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Even after exploring multiple tracks in his quest for funds for troubled Jet Airways, Naresh Goyal invited industry veteran Capt Hameed Ali to engage with his shareholder Etihad Airways.
Capt Ali played a decisive role in the agreement with Jet Airways. Etihad in 2013, when the Abu Dhabi-based company bought a 24% stake in its Indian counterpart.
"Capt Ali is a well-known face of the sector, particularly in the Middle East, where he has close relations". an executive of the industry.
Capt Ali's relations with Etihad's senior management will be crucial for Goyal, who needs an urgent supply of cash so that his airline can continue to fly. Jet Airways has now recorded losses for three consecutive quarters.
According to some sources, Goyal is willing to dilute the 51% of his stake in the airline, as well as his wife.
In addition to Etihad, Goyal also engaged Tata. Group and the consortium Delta Airlines and Air France-KLM for the potential sale of the stake.
"In accordance with its policy, Jet Airways does not comment on speculation," said a spokeswoman for Jet Airways.
is the Capt Ali?
Of Bahraini nationality, Capt Ali built his reputation during his 30 years with Gulf Air. The seasoned pilot has over 10,000 flight hours on various aircraft, including Boeing and Airbus.
He joined Jet Airways in 2007 and was the chief operating officer of the airline. Shortly after leading the successful talks with Etihad, he was promoted to the position of General Manager.
Although he currently holds the official designation of group director, Capt Ali had no daily responsibility.
"His return shows Goyal is again in serious talks with Etihad.The appointment to the board also shows that," said a senior executive of the sector.
On November 27, Jet Airways announced the appointment of Robin Kamark to its board of directors as Etihad's nominee.
Kamark "is responsible for the Etihad Aviation Group's minority equity investment strategy and the optimization of commercial performance, revenues and cost synergies between Etihad Airways and its partner airlines in the United States. the world.It is the strategic leader of airline partners under the responsibility of Etihad Airways management, "Jet Airways said in a statement.
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