FIPB to meet on June 14 to consider Jet-Etihad deal

12 Jun 2013

Foreign Investment Promotion Board (FIPB), headed by Economic Affairs Secretary Arvind Mayaram will meet on June 14 to consider Rs 2,000 crore Jet Airways-Etihad deal. Meanwhile, Aviation Minister said that there may not have any problem with Jet-Etihad deal getting FIPB nod. In this regard, Aviation Minister met with Finance Minister on June 11.

Jet-Etihad deal assumes immense significance in the backdrop of the government looking to attract more foreign investments into the country. Also, the proposal comes after foreign carriers were allowed to pick up stakes in domestic airlines. In March, the FIPB had cleared the Rs 81 crore investment proposal of AirAsia to set up a JV airline company with Tata Sons and another partner.

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