Etihad could pay $330m for 24% of Jet | GulfNews.com

• Image Credit: Bloomberg
• Jet Airway flights prepare for take off in Mumbai. Some 150 million travellers pass through Indian airports every year, according to the International Air Transportation Association (IATA).

Etihad Airways, the UAE national flag carrier is likely to buy a 24 per cent stake in Jet Airways for up to $330 million (Dh1.21 billion), according to media reports.
The announcement is expected to be made on Friday, in what would be the first such investment by a foreign carrier in an airline in India since rules were relaxed last year.
“The Gulf carrier could pay up to $330 million for a 24 per cent stake in Jet, country’s second-biggest carrier, a senior government source said earlier this month,” Economic Times reported on its website.
Etihad could pay $330m for 24% of Jet | GulfNews.com