Jet-Etihad deal gets conditional clearance
After a 90-minute meeting, the Foreign Investment Promotion Board or FIPB today gave approval, with some riders, to the Rs. 2,058 crore Jet-Etihad deal, which proposes a sale of 24 per cent stake in India's Jet Airways to Abu Dhabi's Etihad Airways. It will now need the Cabinet's nod.
