Jet Airways moved closer to finalizing the sale of a 24% stake to Etihad Airways after India’s investment regulator yesterday issued conditional approval. Under a strategic equity alliance unveiled in April, the Abu Dhabi-based carrier will subscribe to 27.3 million new shares of Jet Airways at 754.74 rupees ($13.92) per share. Etihad’s overall commitment to Jet includes an injection of $220 million to create and strengthen a wide-ranging partnership between the two carriers. And ...


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