Etihad to apply soon for Jet investment approval - source

NEW DELHI Thu Jan 31, 2013 2:38pm IST

A newly acquired Jet Airways Boeing 777-300ER aircraft sits on the tarmac at Mumbai airport May 13, 2007. REUTERS/Punit Paranjpe/Files

A newly acquired Jet Airways Boeing 777-300ER aircraft sits on the tarmac at Mumbai airport May 13, 2007.

Credit: Reuters/Punit Paranjpe/Files

Related Topics

Stocks

   

NEW DELHI (Reuters) - Abu Dhabi's Etihad Airways will soon apply to India's foreign investment approval authority for investing in Jet Airways Ltd (JET.NS), said a source at India's trade ministry on Thursday.

Jet expects to finalise a stake-sale deal with Etihad "in a week or so", an executive at the carrier, who declined to be named, said earlier on Thursday.

Top executives at the two airlines are in the Indian capital to meet the civil aviation and trade ministers and senior officials.

(Reporting by Anurag Kotoky; Editing by Prateek Chatterjee)

FILED UNDER:

Surprise Rate Cut

Reuters Showcase

Insurance Bill

Insurance Bill

Opposition support bolsters prospects for insurance reforms  Full Article 

SBI Share Sale

SBI Share Sale

SBI's up to $2.4 billion share sale likely by end April - sources   Full Article 

Eicher Share Sale

Eicher Share Sale

Truck maker Volvo sells shares in Eicher Motors  Full Article 

Beef Ban

Beef Ban

After beef ban, Hindu groups force abattoirs to close   Full Article 

Monsoon Season

Monsoon Season

Exclusive - India expects better monsoon rains this year  Full Article 

Services Growth

Services Growth

Services growth at eight-month high in Feb - HSBC PMI  Full Article 

'India's Daughter'

'India's Daughter'

Documentary on 2012 Delhi gang rape banned in India  Full Article 

Capex Slashed

Capex Slashed

Cairn India slashes 2015-16 capex on falling crude   Full Article 

Strong Start

Strong Start

Airwaves auction off to strong start, bids near $10 billion.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage