Abu Dhabi/Mumbai: Gulf carrier Etihad, which is tipped to acquire 24 per cent stake in Jet Airways, today said it would complete due diligence on the Indian carrier within a week and leave it to its board to take a final view on the matter.
In his first formal acknowledgment that the Abu Dhabi- based airline was interested in investing in Jet after several rounds of talks between the two carriers, president and CEO, James Hogan, said "we are undertaking due diligence" which would be completed in a week's time.
The findings would then be presented to the Etihad Board for it to take a final view on the matter, he said at a post- financial results press conference in Abu Dhabi, which was beamed live across the world.Etihad today reported 200 per cent jump in net profit for 2012 to USD 42 million.
04/02/13 PTI/Times of India
