New Delhi: Jet Airways and Etihad may have to re-work the ownership structure proposed in the Rs 2,058 crore deal with key ministries including Civil Aviation and Corporate Affairs raising concerns over ultimate control of the domestic carrier.
"Major concerns on ultimate control of Jet Airways post deal have been raised by various ministries including Civil Aviation and Corporate Affairs. The issues were voiced at the FIPB meeting held on Friday," sources said.
The decision on the deal, struck by Jet Airways to sell 24 per cent of its stake to Abu Dhabi's Etihad Airways, was deferred by the Foreign Investment Promotion Board.Concerns have been primarily raised on the proposed ownership and control structure of the domestic airlines. Sources said that capital market regulator Sebi, fair trade regulator CCI and Department of Industrial Policy and Promotion (DIPP) also have reservations about the transaction.
16/06/13 PTI/IBN Live
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"Major concerns on ultimate control of Jet Airways post deal have been raised by various ministries including Civil Aviation and Corporate Affairs. The issues were voiced at the FIPB meeting held on Friday," sources said.
The decision on the deal, struck by Jet Airways to sell 24 per cent of its stake to Abu Dhabi's Etihad Airways, was deferred by the Foreign Investment Promotion Board.Concerns have been primarily raised on the proposed ownership and control structure of the domestic airlines. Sources said that capital market regulator Sebi, fair trade regulator CCI and Department of Industrial Policy and Promotion (DIPP) also have reservations about the transaction.
16/06/13 PTI/IBN Live
