Monday, December 17, 2012

Etihad airways to buy Jet airways shares



     UAE based Etihad airways, opposite to its previous decision, has opted Jet airways for the investment. Although the reports before two days were saying that 46-48% shares of Kingfisher airlines would be taken over by Etihad airways, the latest decision of Etihad set off the flame of hope of Kingfisher and Vijay mallya as they are still trying hard to recover from their recent financial crisis.

     It is said that Etihad will buy 24% shares of Jet airways and not yet clear how much amount Etihad will spend for this purpose. It is expected that the declaration in this regard maybe made before Christmas.

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