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Etihad- Jet Airways deal likely soon

India Infoline News Service | Mumbai | February 01, 2013 09:08 IST

Reports said that the two airline may strike an agreement after months of negotiations.

Etihad Airways expected to acquire upto24% stake in Jet Airways, according to reports.

Reports said that the two airline may strike an agreement after months of negotiations.

Jet Airways promoter Naresh Goyal and Etihad Airways CEO James Hogan met Civil Aviation Minister Ajit Singh and discussed their plans for an alliance. Hogan also met Commerce Minister Anand Sharma.

The deal may be valued the Indian carrier at $1.2 bn, or 63.80bn, which is 19% higher than the current market cap of 5,371 crore.

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