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FINANCIAL NEWS
Etihad postpones Jet Airways approval’s deadline
02 Sep 2013
(MENAFN) Etihad Airways awaits the Indian Jet Airways confirmation of a USD600 million investment, according to Gulf Daily News.
Indian airlines interests were affected by the air services between India and the UAE resulting in postponing Etihad’s plan of buying 24 percent of Jet’s stake, according to politicians’ statements.
For the second time, Etihad extends the deadline that ended in August 31 to the end of September to win regulatory approvals.
Etihad said: “The revised agreements are expected to be endorsed by the Competition Commission of India and the Indian government imminently.”
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