"The Union government might revoke the civil aviation ministry's memorandum of understanding (MoU) with its Abu Dhabi counterpart for offering additional airline seats under a bilateral air services arrangement.
This is likely to impact the much-awaited revision of the shareholders' agreement between India's private airline company, Jet Airways, and Abu Dhabi's flag carrier, Etihad Airways, for the latter to buy 24 per cent stake in the Naresh Goyal-promoted airline for a little over Rs 2,000 crore (around $380 million). The agreement was signed on April 24.
Although the Jet-Etihad deal has already run into several regulatory issues, Prime Minister Manmohan Singh's insistence that the bilateral arrangement with Abu Dhabi be discussed in the Cabinet has added further uncertainty to it."
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