Jet Airways-Etihad deal cleared
Jet Airways will sell a minority stake to fast-growing Abu Dhabi-based carrier Etihad Airways for Rs. 2,060 crore after months of negotiations. The airline said in a brief statement to the stock exchanges that its board has approved the allotment of 27.3 million shares to Etihad at Rs. 754.74 each on a preferential basis.
