Etihad will pick 24% in Jet for $375M, may have more board nominees than Naresh Goyal

31 January, 2013

Etihad Airways of the UAE is close to sewing a two-tiered deal to buy 24 per cent stake in Jet Airways, India’s second largest carrier, in a deal expected to be worth Rs 2,000 crore ($375 million), according to sources. This will be the first such stake acquisition by a foreign airline after the Indian government opened up the aviation sector in September, allowing foreign carriers to pick as much as 49 per cent stake in domestic airlines.


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Etihad to buy 24% of Jet Airways for $379M

Etihad to buy 24% of Jet Airways for $379M

TEAM VCC 4 years ago
Naresh Goyal-led Jet Airways has inked a deal to sell 24 per cent stake in the country’s second largest carrier to Abu Dhabi-based Etihad Airways...
Etihad gets cabinet clearance for Jet Airways deal

Etihad gets cabinet clearance for Jet Airways deal

Bhawna Gupta 4 years ago
The Cabinet Committee on Economic Affairs (CCEA) has given its green signal to Abu Dhabi-based Etihad Airways to buy 24 per cent stake in Jet...
Etihad completes deal to buy 24% of Jet Airways

Etihad completes deal to buy 24% of Jet Airways

Bhawna Gupta 4 years ago
Abu Dhabi-based Etihad has completed the deal to buy 24 per cent in Jet Airways through a preferential allotment and appointed two nominees on the...
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Etihad will pick 24% in Jet for $375M, may have more board nominees than Naresh Goyal

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