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The Emirates of Dubai cooperate with the authorities after Jet Airways was founded in Mumbai



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Jet Airways aircraft are seen parked at Chhatrapati Shivaji Maharaj International Airport in Mumbai.
Photo credit: AP

The Emirates airline announced on Sunday that it is "fully cooperating" with the competent authorities after two of its passengers, one of the founders of India's Jet Airways, are flying on were hindered.

Naresh Goyal, former chairman of Jet, and his wife Anita Goyal, a former board member of the airline, were held at Mumbai airport when they flew via Dubai to London. The couple was prevented from flying when they were in an Emirates plane that was on their way to takeoff.

Media reports said that Goyal and his wife were unloaded and could not leave India. Airport officials did not explain why the couple was detained, but reported that they could leave the airport later.

In a statement, Emirates said it cooperates and abides by the laws of different countries where it works. The airline did not give any details about what happened on board.

What's going on?

The action against Goyal takes place only one month after Jet Airways closed all its aircraft and exposed domestic and international flights in a liquidity crisis. Some lawmakers in India had called on the police to stop high-ranking officials from Jet Airways from leaving the country.

The airline is now trying to restructure and get a cash injection from the lenders. It opened deals for equity investments of various investors and received interest from parties including Abu Dhabi's Etihad Airways, which already holds a 24 percent interest.

Etihad announced that under certain conditions it would buy further equity investments B. to have additional investors "to provide the majority of the recapitalization demanded by Jet Airways".

The future of the Indian airline is currently unclear, as talks are still ongoing between different parties and no resolutions have been announced.

Jet, which now has debts of over $ 1

billion, was once a major player in the Indian aviation sector, but was later adversely affected by the rise of low-cost carriers such as SpiceJet and IndiGo in the early 2000s. The airline also lost passengers who had decided on international routes for Jets competitors.

In 2018, the value of the Indian rupee became more expensive as Indian flies became more expensive.

Jet stock prices have fallen by about 43 percent since mid-April, when some aircraft were grounded for non-payment of the lease.


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