The Jet Airways-Etihad investment deal is one between two private parties that will have to satisfy all regulatory authorities, aviation minister Ajit Singh said.
“Indian laws and Aircraft Act clearly mention that effective control, management and substantive place of business must be in India,” Singh added. The deal would go to the Cabinet Committee for investment only after these concerns have been addressed.
Rubbishing a seating security concern raised by some MPs, Singh said Etihad had been flying to India for eight years. “Just because we gave them some more seats does it mean they become a security threat?”
Sources said the Foreign Investment Promotion Board will seek an assurance from the two airlines regarding adherence to rules and regulations.