The deal between Jet Airways and Etihad, likely to be wrapped up by end-December, could result in the Naresh Goyal-promoted airline shifting its international base from Brussels to Abu Dhabi.
The deal, under which Etihad is to pick 24 per cent stake in the Indian carrier for Rs 1,600 crore, could also give Jet access to aviation turbine fuel at much cheaper rates, according to the broad contours of the deal that has now entered the final stages of negotiations.
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