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Jet Airways says in stake sale talks with Etihad

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Jet Airways confirmed on Thursday that it was in talks with Abu Dhabi's Etihad Airways for a potential stake sale in the Indian carrier, although terms have not been finalised yet.

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January 6, 2013 7:28 by



“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,” Jet said in a statement to the Bombay Stock Exchange.

 

On Wednesday, an Indian government source said Jet was the front-runner for an investment by Etihad, adding the Gulf carrier could pay up to $330 million for a 24 percent stake in the Indian company. (Reporting by Anurag Kotoky)



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