Complex Made Simple

Jet-Etihad deal closure seen by 2013-end

Indian carrier Jet Airways has said it expects to conclude a $334m stake sale to Abu Dhabi’s Etihad by the year-end, one day after posting a record quarterly loss, Reuters has reported. Jet is awaiting approvals from the Indian antitrust regulator for the deal and is on course to complete the transaction during this quarter, chief financial officer Ravishankar Gopalakrishnan said.