Etihad Airways to complete due diligence on India's Jet in next week - CEO
DUBAI Feb 4 (Reuters) - Abu Dhabi's Etihad Airways, close to a tie-up with India's Jet Airways, expects to complete due diligence on the deal in the next week, the Gulf carrier's chief executive said on Monday.
James Hogan made the remarks at a press conference after the airline reported its annual results, adding that the results would then be presented to the board.
Hogan said he had met with senior aviation officials and ministers in India last week in connection with the deal.
The terms of the possible deal have not been disclosed, but a government source said earlier this month Etihad was in talks to pick up a 24-percent stake in Jet for up to $330 million. (Reporting by Praveen Menon; Editing by Amran Abocar)
- Tweet this
- Share this
- Digg this
- UPDATE 7-U.S. says Russia must pull convoy from Ukraine or face more sanctions
- U.S. strikes have slowed Iraq militants but not weakened them - Pentagon
- U.S. urges Moscow to immediately withdraw convoy from Ukraine
- CANADA STOCKS-TSX slips after Yellen comments, Ukraine tensions
- Liverpool won't change attacking style says Rodgers
More than 70 percent of Indians are satisfied with the leadership of Prime Minister Narendra Modi since he took office nearly three months ago, an opinion poll showed, seeing in him the best hope to put the economy back on track. Full Article
India to hike iron ore royalty, miners may struggle to pass on extra cost. Full Article