New Delhi: Jet Airways may sign a stake sale deal with Abu Dhabi-based Etihad Airways by the first week of February.
Sources in the civil aviation ministry said Etihad might buy a 24 per cent stake for about Rs 1,800 crore.
The Abu Dhabi-based airline had initially evinced interest in both Jet Airways and Kingfisher Airlines. However, talks with Kingfisher fell through after the Vijay Mallya-led carrier failed to impress both Etihad and the Directorate General of Civil Aviation (DGCA) with its financial turnaround plan.
According to Jet officials, the completion of the agreement is likely to take some time because of legal and regulatory complexities.
The carriers have appointed global consultants to ensure proper investments, given the high operating costs in India.
15/01/13 Telegraph
