The Abu Dhabi-based airline has been in talks with the Indian carrier with reports of buying a stake in the latter that could pay up to $330m
The Abu Dhabi-based airline has been in talks with the Indian carrier with reports of buying a stake in the latter that could pay up to $330m One of the most speculated aviation deals in the Gulf region could be announced as early as Friday, according to a Reuters India media report.
The Abu Dhabi-based Etihad Airways, which is currently involved in talks with Jet Airways to buy a stake in the Indian carrier, may announce details by the end of this week.
Talks between the two aviation juggernauts was confirmed by Jet to Reuters in a statement earlier, with a spokesperson adding: "Various structures are being explored by the legal and commercial teams and care being taken to ensure that all the Indian regulatory requirements are fully complied with."
Emirates 24|7 is awaiting a response from both Etihad and Jet.
Currently, the two carriers have a code-sharing agreement, with a tie-up possibly resulting in more frequency of flights, connections and more competitive airfares.
This came as the country's national airline, Air India and private carrier, Kingfisher Airlines, were laden with debt.
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