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Etihad Airways finalizing buy out of India's Jet Airways

Tuesday, 22 January 2013

Abu Dhabi's Etihad Airways will finalise a deal to buy a stake in India's Jet Airways, the first such investment by a foreign carrier in an Indian airline since rules were relaxed last year, CNBC TV18 reported. A deal may be announced as early as Friday or by the first week of February, the TV channel said. The Gulf carrier could pay up to $330 million for a 24 percent stake in Jet, India's second-biggest carrier, a senior government source said earlier this month. Etihad and Jet did not ...

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