Saturday, January 26, 2013

Jet-Etihad deal set for take-off

New Delhi: Jet Airways is close to a stake pact with Etihad Airways with senior executives from both sides busy finalising the contours of a deal.
While both the airlines refused to confirm or deny the development, sources said Etihad’s chief executive, chief strategy officer and chief financial officer met senior Jet officials today.
The talks are meant to finalise the share sale price and other details of the deal.
According to sources, the Abu Dhabi-based carrier could pay up to $330 million for a 24 per cent stake in India’s second-biggest carrier.
Jet Airways had informed the BSE that a meeting of the company’s board of directors would be held on February 1, which among other things, would consider and approve the unaudited results for the third quarter ended December 31, 2012.
26/0-1/13 The Telegraph