Etihad Airways is continuing talks with India peer Jet Airways, the UAE-based carrier said in response to reports that the negotiations had run into rough weather.
In a statement issued late Monday, it said: "Etihad Airways continues to progress discussions about further investment in Jet Airways."
Sources told NDTV that fresh disputes had emerged over investment protection and management control.
Shares in Jet Airways plunged as much as 10 per cent on Monday, closing 2.85 per cent lower at Rs. 559.50 on the National Stock Exchange. Other aviation stocks, grounded Kingfisher Airlines and SpiceJet, also ended with deep cuts.
19/03/13 NDTV
