Comments
The stock of Jet Airways, which has been on the rise on hopes that the Centre will clear its deal with Etihad, may lose momentum. This is because the proposal of the Abu Dhabi-based Etihad Airways to acquire a 24 per cent stake in Jet Airways failed to get the approval of the Foreign Investment Promotion Board last week. The Jet-Etihad proposal has been deferred as the Government sought more details of effective control and ownership. Etihad, which acquired a 24 per cent stake in Jet Airways for over Rs 2,000 crore in April, may now have to re-work the ownership structure proposed in the deal.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.