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FINANCIAL NEWS
Etihad wins Indias approval to buy Jets USD330m stake
05 Oct 2013
(MENAFN) Indias Aviation Minister Ajit Singh said that Abu Dhabi-based Etihad Airways won the approval of Indias cabinet to buy a stake in Jet Airways worth USD330 million, according to Arabian Business.
Etihad will buy 24 percent stake in Jet as Indias government allowed foreign airlines to buy up to 49 percent of Indian carriers.
The approval is considered as an improvement stop to complete the deal between the two companies as it was delayed before.
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