Etihad in talks with Jet, Kingfisher over stake deal
- United Arab Emirates: Wednesday, December 19 - 2012 at 01:52
The Indian government has said Abu Dhabi-based Etihad Airways is in the final stages of talks to buy part of either Jet Airways or grounded rival Kingfisher Airlines, Reuters has reported. "Etihad has not yet decided. They are talking to both," said a government official, declining to be named as the negotiations are confidential. A deal, which the official said could be announced by next week, would be the first since the Indian government relaxed ownership rules in September to allow foreign airlines to invest up to 49% in a domestic carrier.
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