Abu Dhabi-based Etihad Airways has finalized a deal to purchase a 24% stake in Jet Airways, marking the completion of the first cross border transaction in the Indian aviation sector since last year’s change to the country’s ownership laws. The confirmation of the nearly $330 million deal comes after all necessary regulatory approvals were obtained by both airlines from Indian authorities on Nov. 12. The two sides closed the transaction on Nov. 20. Under a strategic equity ...
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