Jet Airways Shareholders Approve Etihad Deal - Wall Street Journal (India)

By SANTANU CHOUDHURY NEW DELHI—Shareholders of Jet Airways (India) Ltd. Friday approved a company proposal to sell a 24% stake to Abu Dhabi-based Etihad Airways, a person with direct knowledge of the matter said. Etihad will receive preferential shares, according to the proposal. The plan to sell the stake to the United Arab Emirates airline for about $380 million was revealed last month. The deal is the first since the Indian government last September permitted foreign carriers to own as much as 49% in local aviation companies. Jet is controlled by Indian businessman Naresh Goyal. • Invalid email address. • You can't enter more than 20 emails. • Seperate multiple addresses with Commas. • Must enter an email address. • You must enter the verification code below to send. • Invalid entry: Please type the verification code again. via Business - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEZKiiSV1110QR-x1OUtIuoh9PPIg&url=http://online.wsj.com/article/SB10001424127887324659404578502672273382156.html

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