On 1 May 2013, the Competition Commission of India (Commission) received a combination notice from Etihad Airways (Etihad) and Jet Airways India Limited (Jet) in relation to Etihad’s proposed acquisition of 24% equity interest in Jet. The notice was given to the Commission after signing of an Investment Agreement (IA), a Shareholder’s Agreement (SHA) and a Commercial Co-operation Agreement (CCA), all executed on 24 April 2013. The parties sought approval from the Commission for the acquisition, apart from the other rights and benefits which the parties had commercially agreed upon. Though the Commission approved the combination through its order dated 12 November 2013, it observed in that order that the approval would have no bearing on proceedings in relation to non-furnishing of
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The Indian Competition Authority takes action against gun-jumping by airlines (Etihad / Jet Airways)
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