Etihad Airways expects a US$600 million investment in Jet Airways to be cleared by Indian authorities imminently, as it further extended a deadline for regulatory approval that ended on August 31, reported Reuters. Etihad's plan to buy a 24 percent stake in Jet had been delayed by regulators and by concerns from some politicians an April bilateral accord on air services between India and the United Arab Emirates was hurting Indian airlines' interests. A potential stake purchase would be the first by an overseas operator in an Indian airline since ownership rules were relaxed and provides India's largest carrier with a deep-pocketed global partner as well as cash to pay down debt. Etihad confirmed that it agreed to extend a deadline for the deal to win regulatory approvals for Read more
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