Mumbai: Jet Airways may have to extend the September deadline for completion of its proposed 24 per cent stake sale to gulf carrier Etihad with BJP leader Subramanian Swamy challenging the Rs 2,058 crore deal in Supreme Court.
With Swamy filing a petition in the apex court, it would be difficult for Jet Airways to meet the September deadline for the completion of the stake sale deal with Etihad, industry sources said. The deadline earlier was July 31 which was extended to September 30.
Swamy, in his petition filed yesterday, has also challenged the air service agreement between India and Abu Dhabi, approved recently by the Cabinet. It allows the airlines of the two sides to operate 50,000 seats a week by 2015, up from 13,300 at present.
17/09/13 PTI/Economic Times
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With Swamy filing a petition in the apex court, it would be difficult for Jet Airways to meet the September deadline for the completion of the stake sale deal with Etihad, industry sources said. The deadline earlier was July 31 which was extended to September 30.
Swamy, in his petition filed yesterday, has also challenged the air service agreement between India and Abu Dhabi, approved recently by the Cabinet. It allows the airlines of the two sides to operate 50,000 seats a week by 2015, up from 13,300 at present.
17/09/13 PTI/Economic Times
