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Etihad needs to revise Jet Airways deal - chairman
Reuters
Last Updated IST
A Jet Airways passenger plane takes off from Sardar Vallabhbhai Patel International Airport in the western Indian city of Ahmedabad February 1, 2013.  Credit: Reuters/
A Jet Airways passenger plane takes off from Sardar Vallabhbhai Patel International Airport in the western Indian city of Ahmedabad February 1, 2013. Credit: Reuters/


Etihad Airways needs to revise its deal to buy a stake in India's Jet Airways (JET.NS) and it is too soon to say when a final agreement will be struck, the Abu Dhabi airline's chairman told Reuters on Sunday.

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 $330 million.

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(Published 17 February 2013, 14:27 IST)