Mar 14, 2013 07:09 PM IST | Source: Reuters

Received no proposal for Jet-Etihad deal: Govt

India has so far not received a formal proposal from Etihad for investing in Jet Airways, trade minister Anand Sharma told reporters on Thursday.

Received no proposal for Jet-Etihad deal: Govt

India has so far not received a formal proposal from Etihad for investing in Jet Airways, trade minister Anand Sharma told reporters on Thursday.

Etihad has been in talks with Jet to buy a 24 percent stake, government sources have told Reuters.

Also read: Jet Airways most active, to sell 50% in frequent flier unit

"We have not received any formal proposal, so far," Sharma said on the deal.

An official at India's trade ministry had said in January that Etihad would soon apply to India's foreign investment approval authority for investing in Jet.

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