Government says has not received proposal for Jet-Etihad deal

Thu Mar 14, 2013 1:01pm IST

Ground staff guide a Jet Airways aircraft towards a gate on the tarmac at Bengaluru International Airport in Bangalore March 5, 2012. REUTERS/Vivek Prakash

Ground staff guide a Jet Airways aircraft towards a gate on the tarmac at Bengaluru International Airport in Bangalore March 5, 2012.

Credit: Reuters/Vivek Prakash

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REUTERS - India has so far not received a formal proposal from Etihad for investing in Jet Airways(JET.NS), trade minister Anand Sharma told reporters on Thursday.

Etihad has been in talks with Jet to buy a 24 percent stake, government sources have told Reuters.

"We have not received any formal proposal, so far," Sharma said on the deal.

An official at the trade ministry had said in January that Etihad would soon apply to India's foreign investment approval authority for investing in Jet.

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