Mumbai: The $379-million ( Rs 2,059 crore) deal between Jet and Etihad continues to face regulatory headwinds even as the two carriers are stepping up the integration of their networks and top management teams.
The Foreign Investment Promotion Board (FIPB) has written to Jet Airways seeking details of its previous promoter company, Tailwinds.
FIPB, a panel of government officials which clears foreign investment proposals, has sought information on changes, if any, in the ownership of the Isle of Man-based company since its incorporation, source of its initial capital, details of debt and its tax returns apart from profit and loss numbers and balance sheet details.
Read News In full 16/01/14 Anirban Chowdhury/Economic Times
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