Jet and Etihad complete deal

Dino D'Amore
By Dino D'Amore November 22, 2013 10:36

Jet and Etihad complete deal

Jet Airways and Etihad Airways have finally inked the deal that sees the Middle East airline take a 24% stake in the Indian carrier. This deal marks the first foreign investment in an Indian airline.

The Rs 2,069-deal was completed yesterday just a week after fair trade regulator Competition Commission of India (CCI) approved the acquisition of stake in Jet by Etihad.

The deal also includes $150 million soft-loan from Etihad and sale of two Jet slots at the Heathrow airport in UK to Etihad for $70 million.

Dino D'Amore
By Dino D'Amore November 22, 2013 10:36
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