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Shareholders of Jet Airways approve Etihad deal

By Religare

Shareholders in Jet Airways approved the sale of a 24 per cent stake in the airline to Abu Dhabi's Etihad Airways, said media reports.

Jet Airways, however, deferred seeking shareholder approval for a new set of "Articles of Association" as it awaits regulatory clarity, Company Secretary Arun Kanakal said after a shareholders' meeting.

Earlier in April, Etihad, agreed to acquire a 24 per cent stake in Jet for USD 370 million, allowing it to make its presence felt in the fast growing Indian market.

Story first published: Friday, May 24, 2013, 23:44 [IST]
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