New Delhi: In wake of concerns raised by some ministries over the Jet-Etihad deal, the government today said the two companies have revised their agreement and the proposal is currently being prepared for submission.
"Addressing the concerns, the applicant companies have revised their agreement.
"Comments of SEBI have also been received by Foreign Investment Promotion Board (FIPB) and the proposal was considered by it at a meeting held on July 29 and the same is currently being prepared for submission to the competent authority," Civil Aviation Minister Ajit Singh said.
He said this in a written reply in the Lok Sabha. The minister said that during the consideration of the proposal on June 14, some ministries had raised certain concerns on the issue of "effective control" over Jet Airways post the allotment of its 24 per cent share to Etihad Airways.
08/08/13 Press Trust of India/NDTV
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"Addressing the concerns, the applicant companies have revised their agreement.
"Comments of SEBI have also been received by Foreign Investment Promotion Board (FIPB) and the proposal was considered by it at a meeting held on July 29 and the same is currently being prepared for submission to the competent authority," Civil Aviation Minister Ajit Singh said.
He said this in a written reply in the Lok Sabha. The minister said that during the consideration of the proposal on June 14, some ministries had raised certain concerns on the issue of "effective control" over Jet Airways post the allotment of its 24 per cent share to Etihad Airways.
08/08/13 Press Trust of India/NDTV
