Wednesday 3 July 2013

Jet Etihad deal faces regulatory hurdles | GulfNews.com

"Shares of Jet Airways slid as much as six per cent on Tuesday amid new investor worries over whether the Abu Dhabi-based Etihad airline would get final permission to buy a stake in the private Indian carrier.
The Jet-Etihad deal, announced in April, marks the first overseas investment in an existing Indian carrier since New Delhi eased restrictions to allow foreign firms to take up to a 49 per cent holding in the country’s airlines.
But a request by the prime minister’s office on Monday for the plan to be discussed by cabinet raised new worries about the fate of the deal. It sent shares of Jet down six per cent before they retraced to trade two per cent lower at Rs455 (Dh28)."

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