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.

NEW DELHI — The launch of India’s GSAT-14 satellite aboard a Geosynchronous Satellite Launch Vehicle (GSLV-D5) fitted with an indigenous cryogenic engine will take place on Aug. 19, a top scientist says.

The government of India has backed privately owned Jet Airways’ decision to sell parking slots at London Heathrow Airport to Abu Dhabi-based Etihad Airways. In April, Jet Airways agreed to sell a 24% stake in the company to Etihad. The Middle Eastern carrier’s overall commitment to Jet includes an injection of $220 million to create and strengthen a wide-ranging partnership between the two airlines.