Jet, Etihad deal approved
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Jet, Etihad deal approved

Jet, Etihad deal approved

Jet Airways has said its shareholders have approved a 24% stake sale to Etihad Airways, The Indian Express has reported. However, the shareholders have deferred a proposal seeking a proportionately higher representation for the Abu Dhabi-based carrier on Jet's board, due to a fear that market regulator Securities and Exchange Board of India (Sebi) and competition watchdog Competition Commission of India may topple the deal. The deferment has delayed the entry of three Etihad representatives, including Etihad Airways' CEO James Hogan and CFO James Rigney on Jet's board.

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