Jet Airways, country’s private carrier is looking for approval from the Foreign Investment Promotion Board (FIPB), in order to sell 24% stake in the company to Gulf carrier Etihad Airways. It has filed its application to the FIPB late last week. The company had signed a deal with Etihad last month under which the premier Indian carrier agreed to sell 27.26 million shares in a preferential offer to the latter at Rs 754.74 a piece.
Jet Airways currently operates a fleet of 99 aircrafts, which include 10 Boeing 777-300 ER aircraft, 11 Airbus A330-200 aircraft, 58 next generation Boeing 737-700/800/900 aircraft and 20 modern ATR 72-500 turboprop aircraft.
