Indian Cabinet approves Etihad investment in Jet Airways

The Indian Government has given its approval for Etihad Airways to buy a 24% stake in Jet Airways - for around $330m - according to India's Aviation Minister Ajit Singh.
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The deal has already been cleared by The Securities and Exchange Board of India and the Foreign Investment Promotion Board and it now just needs final approval from India's anti-trust regulator.

Once the deal gloes through Jet Airways will hold 51%, Etihad 24% and the public the other 25%.

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