Qatar Airways CEO: not interested in Jet Airways as backed by 'enemy' state [Reuters]
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Source: Reuters
Qatar Airways CEO: not interested in Jet Airways as backed by 'enemy' state | Reuters 3 Min Read MUMBAI (Reuters) - Qatar Airways will not buy a stake in Jet Airways ( JET.NS ) as a substantial portion of the debt-laden Indian carrier is held by Etihad Airways, whose owner Abu Dhabi is an “enemy” of Qatar, its CEO Akbar al-Baker said on Tuesday. Abu Dhabi is part of the United Arab Emirates that cut ties with Qatar in 2017 over accusations of supporting terrorism. Doha denies the charges. The UAE, together with Saudi Arabia, Egypt and Bahrain have banned Qatar Airways since June of that year as part of the dispute. “We would definitely look at it (Jet Airways) if a 24 percent stake was not held by Etihad,” al-Baker told Reuters on the sidelines of an aviation conference in Mumbai. “How can I take a stake in an airline which is owned by our adversary?” Etihad plans to hike its stake in Jet to help the Indian carrier with its financial woes, a person close to the Abu Dhabi carrier tol
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