Aviation

Jet-Etihad deal: CCI for more discussions


DELHI
Fair trade watchdog Competition Commission will have more discussions before taking a final view on the proposed Rs 2,058 crore Jet-Etihad deal, the single largest foreign direct investment so far in Indian aviation sector.

Naresh Goyal-promoted Jet Airway’s proposed sale of 24% stake to Abu Dhabi-based carrier Etihad has already received the government clearance.

Sources said the Competition Commission of India (CCI) is yet to take a final view on the proposed deal. The regulator would have more discussions before taking a call, they added.

CCI, which has the mandate to keep a tab on unfair trade practices at market place, had sought more information from the concerned parties on the proposed transaction.

Full report here Business Standard

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