Pursuits
Etihad’s 24% Jet Stake Wins It India Foothold Before AirAsia
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Etihad Airways PJSC’s purchase of a 24 percent stake in Jet Airways (India) Ltd. boosts its position in a high-growth market that’s being targeted by new entrants including AirAsia Bhd. as the state invites foreign investment.
Abu Dhabi-based Etihad, seeking to build the sheikdom into an intercontinental transfer hub, will purchase 27.26 million Jet shares at a cost of 20.6 billion rupees ($379 million), or