Despite various setbacks, Jet Airways says the deal with Abu Dhabi-based Etihad Airways is in its final stages, with the necessary financial and regulatory approvals likely to be completed within the next few months. In April, Jet Airways sold a 24% stake to Etihad Airways. The Middle Eastern carrier will subscribe to 27.3 million new shares of Jet Airways at 754.74 rupees ($13.92) per share. As part of the agreement, which was approved by Jet’s board of directors, the majority ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "Deal To Sell Jet Stake To Etihad Faces Several Hurdles Before July Deadline".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.