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FINANCIAL NEWS
Abu Dhabi’s Etihad, India’s Jet carrier in talks for possible investment
31 Jan 2013
(MENAFN) India’s Civil Aviation Minister, Ajit Singh, stated that at the current time, Jet Airways is in discussions with UAE’s Etihad Airways regarding a potential investment, reported Arabian Business.
The minister didn’t reveal the value of the investment Etihad plans to make in the Indian carrier.
If the two parties inked an agreement, then it will be the first since India relaxed ownership rules in September 2012 and permitted foreign investors to acquire up to 49 percent in local airlines.
Singh, who met Jet Chairman Naresh Goyal and Etihad CEO James Hogan, said the ministry must guarantee that any agreement (if reached) lies within the regulatory framework.
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