Abu Dhabi: Abu Dhabi's Etihad Airways, close to a tie-up with India's Jet AirwaysBSE -2.87 %, expects to complete due diligence on the deal in the next week, the Gulf carrier's chief executive said on Monday.
The Jet deal would be the first foreign investment into India's aviation market after the government relaxed ownership rules in September last year and allowed foreign carriers to buy up to 49 percent in domestic carriers.
"We are doing our due diligence in the next week. We will present it to our board and take it from there," James Hogan, speaking at a press conference after the airline reported its annual results.
04/02/13 Reuters/Economic Times
