Etihad to take stake in Jet?

Jet Airways has confirmed in a regulatory filing with the Bombay Stock Exchange that it is in discussions with Etihad Airways to take a stake in the Indian carrier. Jet said an agreement on terms has not yet been reached. “Various structures are being explored by the legal and commercial teams and care being taken to ensure that all the Indian regulatory requirements are fully complied with. By its very nature, there cannot—at this stage—be a firm timeline as to the progress of these negotiations, considering the complexity of trans-national transactions such as this.”