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