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HomeBreadcrumbCalendarsBreadcrumbNational AffairsBreadcrumbIndia Affairs

India's Jet Airways finalizes stake sale deal with Abu Dhabi's Etihad Airways

days in Early February
India

Published: 31 Jan 2013 | By Maria Micudova and 1 other | Last updated: 31 Jan 2013
   
India's Jet Airways finalizes stake sale deal with Abu Dhabi's Etihad Airways -
Etihad could acquire 24 percent stake in Jet f...
wikipedia-Anilbharadwaj...

India's second biggest carrier Jet Airways finalizes a stake sale deal with Abu Dhabi's Etihad Airways following talks between the top executives of the two airlines over the potential investment. 


"The government's role is to make sure that whatever agreement they [the executives] come to is within the regulatory framework," said India's Civil Aviation Minister Ajit Singh after the meeting.


Etihad is expected to acquire 24 percent stake in Jet for up to $330 million. 


The deal is the first since India relaxed ownership rules in September 2012 and allowed foreign airlines to buy up to 49 percent in domestic carriers. 

Source
India's Jet expects deal with Etihad in a week: executive dailystar.com.lb, 31/01/2013
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Created by Maria MicudovaCreated by Maria Micudova
on Thu 31 Jan 2013
Modified by Yafit LazarLast modified by Yafit Lazar
on Thu 31 Jan 2013
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Location: India
Earliest date: Monday 4 February 2013
Latest date: Sunday 10 February 2013
Planning: confirmed
Ended: 102 days ago

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