Etihad Airways all set to take 24% stake in Jet Airways, Spice Jet to follow

Nov 27, 2012: Recently the government had made changes in FDI policy in civil aviation sector and taking advantage of this many Indian carriers like Jet Airways and Spice Jet have started talking to few foreign investors. According to reports, Etihad Airways, the Middle East carrier might take a 24% stake in Jet Airways owned by Naresh Goyal who has 80% stake in the company. The deal which is valued at Rs. 2,200 crore is said to help the expansion of Jet Airways which needs capitalization. Spice Jet which is also planning to take advantage of the new FDI policy which allows a foreign player to take 49% stake in a domestic company is in advance level talks with certain foreign investors.