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Corporate Jan 2, 2013

Etihad likely to pay Rs 1,800 cr for 24% stake in Jet

Jet Airways is the front-runner for an investment by Gulf carrier Etihad Airways, a senior government source told reporters on Wednesday, adding a deal was likely in 10 days.

Debarka Banik/ Flickr ( Creative Commons)

Etihad is likely to pay Rs 1500-1800 crore for 24% stake in Jet Airway, the source added.

Etihad Airways, seeking to widen operations in India and other Asian markets, is in the final stages of talks to buy part of either Jet Airways or grounded rival Kingfisher Airlines, an government official had said on December 17.

Reuters

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