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Etihad seeking assurances before closing Jet stake deal
- United Arab Emirates: Thursday, April 11 - 2013 at 01:55
Etihad Airways' purchase of a stake in India's Jet Airways could be delayed until at least August, as the Abu Dhabi-based carrier seeks assurances following setbacks for several Gulf investors in India, Reuters has reported, citing two sources familiar with the talks. "It's going to take some time; at least until August," said one source, who is aware of the discussions. "There are issues relating to what happened to some other UAE entities like Etisalat and Emaar in India. So nothing is going to happen soon." The airline is eyeing a 24% stake, valued at about $330m, according to sources aware of the matter.
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