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Etihad to apply soon for Jet investment approval - source
January 31, 2013 / 9:13 AM / 5 years ago

Etihad to apply soon for Jet investment approval - source

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

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

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