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Feb 18, 2013, 09.38 AM IST | Source: Reuters

Etihad needs to revise Jet Airways deal: Chairman

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 needs to revise Jet Airways deal: Chairman

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.

Also read: Jet may rally 20% post Etihad deal; no hopes for KFA

Sheikh 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 December 19, 2014, at 15:45 hrs Jet Airways was quoting at Rs 399.50, down Rs 4.65, or 1.15 percent. The 52-week high of the share was Rs 458.00 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 -2.04.

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