Saturday, July 13, 2013

CCI to take call on Jet-Etihad deal after getting more details

New Delhi: Fair trade regulator CCI will take a call on the proposed Rs 2,058 crore Jet-Etihad deal after getting information sought by it from the two carriers.
Competition Commission of India (CCI) Chairman Ashok Chawla today said the regulator was awaiting some more information on the deal.
The transaction, touted as the largest foreign investment proposal in the aviation sector, is facing regulatory hurdles with various ministries raising major concerns over the ultimate control of Jet Airways post transaction.
When asked about the Jet-Etihad deal, which is being examined by the Commission, Chawla said it was “work in progress”.
13/07/13 PTI/Business Line
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