Etihad's investment in Jet Airways to be completed in 'a few months'
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Etihad's investment in Jet Airways to be completed in 'a few months'

Etihad's investment in Jet Airways to be completed in 'a few months'

Jet Airways has said investments by Abu Dhabi's Etihad Airways in the airline are expected to be completed within the next few months, Reuters has reported. Etihad in April agreed to buy a 24% stake in Jet for $379m. It is also making a $150m equity investment in Jet's frequent flyer programme, and spent $70m to buy Jet's three pairs of Heathrow slots through a sale and leaseback agreement announced in February. "All these investments...are subject to obtaining the requisite regulatory and corporate approvals and final commercial agreements, which is expected to be completed within the next few months," Jet chairman Naresh Goyal wrote in the company's annual report.

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