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.
Etihad Airways needs to revise its deal to buy a stake in India's Jet Airways
Also read: Jet may rally 20% post Etihad deal; no hopes for KFASheikh Hamed bin Zayed al-Nahayan, speaking on the sidelines of a defence exhibition in the UAE capital, said officials would meet with Indian Trade Minister Anand Sharma to discuss the matter.
When 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 USD 330 million.
Jet Airways stock price
On January 28, 2015, at 09:53 hrs Jet Airways was quoting at Rs 515.50, up Rs 17.85, or 3.59 percent. The 52-week high of the share was Rs 524.40 and the 52-week low was Rs 203.50.
The latest book value of the company is Rs -196.11 per share. At current value, the price-to-book value of the company was -2.63.
READ MORE ON Etihad Airways, Jet Airways, Abu Dhabi airline, Sheikh Hamed bin Zayed al-Nahayan, UAE capital, Indian Trade Minister Anand Sharma
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