Yes, in western world knows indian neuvo rich indians are having support of politicians and the way our politicians are generated the wealth, tatas, birlas are existing in india for centuries and new industrilist having his wealth within 40/45 years a vegitable vendor on mumbai street once become politician and shows wealth of 20 thousand crores generation of this type there are plenty politicians of this type of wealth every body knows then naturally investor will ask govtsassurance
Etihad and Jet are both corporate entities and undertaking the deal purely for commercial purposes. I am sure Etihad has done its paperwork underlying the stake purchase and understands the risks and rewards from the transactions. Govt. of India does not benefit in any way from this deal. Etihad is the one benefiting by way of increased traffic on its code shared flights with Jet. Then why should GOI give assurance. I am sure all other tax-payers will also agree to this view.
Yeah thats true, Jet always gives some news when it is down. Now kfa-ethiad deal news is not coming as kfa is already down. again when KFA will reach 17 Jet will throw some news and bring kfa down and jet up. actually one day jet can cross 52-wk low on one news that ethiad not interested in jet and interested in kfa...