Etihad Airways is likely to revise its agreement in its Rs 2,058 crore deal with Jet Airways. The reworked arrangement will then be submitted to Indian regulatory authorities by the end of July.
Jet Airways, the largest private airline company in India by market share, fell more than 5 percent in early trade on Friday as sources said the deal between company and Etihad could be in jeopardy due to Etihad's insistence on a right of first refusal.
CNBC-TV18‘s Kritika Saxena reports that concerns regarding the option to hike stake and number of seats on the Jet Airways board have stalled the Jet-Etihad deal
The fund-strapped Maharaja may get relieved soon, reports CNBC-TV18’s Aakansha Sethi. Sources indicate that the Finance Ministry is finalizing its views on the Air India's turnaround plan.