Etihad Airways needs to revise its deal to buy a stake in India's Jet Airways and it is too soon to say when a final agreement will be struck, the Abu Dhabi airline's chairman told Reuters on Sunday.
Sheikh Hamed bin Zayed al-Nahayan, speaking on the sidelines of a defense exhibition in the UAE capital, said officials would meet Indian Trade Minister Anand Sharma to discuss the deal.
Sheikh Hamed bin Zayed al-Nahayan, speaking on the sidelines of a defense exhibition in the UAE capital, said officials would meet Indian Trade Minister Anand Sharma to discuss the deal.
Asked if a Jet deal would be signed by March or April, Sheikh Hamed said: "I don't know ... we need to revise it."
The terms of the possible deal have not been disclosed, but a government source said earlier this month Etihad was in talks to pick up a 24 percent stake in Jet for up to $330 million.
Read more: http://www.chicagotribune.com/business/sns-rt-us-etihad-jetbre91g02v-20130217,0,4851917.story
The terms of the possible deal have not been disclosed, but a government source said earlier this month Etihad was in talks to pick up a 24 percent stake in Jet for up to $330 million.
Read more: http://www.chicagotribune.com/business/sns-rt-us-etihad-jetbre91g02v-20130217,0,4851917.story
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