Abu Dhabi-based Etihad Airways might announce an India investment within the next 10 to 12 days, according Indian media reports.
The Gulf carrier is expected to pick up 24 per cent stake in Jet Airways for about Rs16 billion to Rs18 billion, a government official told the Financial Express, adding the deal can be sealed in the next 10-12 days.
Quoting a ministry source, The Economic Times reported: "James Hogan, Etihad's CEO and the person who is widely believed to be driving the negotiations, is on leave till January 4 and things would move once he is back in action.”
The source added: "A deal is possible within next 10 days, there are a number of agreements to be signed as part of it.”
Abu Dhabi : Etihad-Jet Airways Deal Likely in Next 12 days
No comments:
Post a Comment