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Etihad to Buy Into Jet Airways?

Etihad to Buy Into Jet Airways?

Etihad Airways will finalise a deal to buy a stake in India’s Jet Airways on Friday, according to a TV report. 

CNBC TV18 reported on what would be the first such investment by a foreign carrier in an Indian airline since rules were relaxed last year. A deal may be announced as early as Friday or by the first week of February, the TV channel said, citing unnamed sources.

Etihad could pay up to U$330 million for a 24% stake in Jet Airways, India’s second-biggest carrier, a senior government source said earlier this month.

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NEIL STEEDMAN has been a trade journalist, editor and proofreader for 53 years, and ITTN's News & Features Editor for 43 years. His travel blog is at www.thetravelbuddhist.com.

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