New Delhi: The Rs 2,058 cr Jet-Etihad deal will be discussed today as cabinet secretary Ajit Seth is likely to chair a meeting of secretaries over security concerns raised by the Prime Minister’s Office (PMO).
The deal, largest foreign investment proposal in the aviation sector, is facing regulatory hurdles with various ministries raising major concerns over the ultimate control of Jet Airways post transaction.
Earlier, the Foreign Investment Promotion Board (FIPB), which clears FDI proposals, on June 14 had deferred a decision on the deal citing control and ownership issues.Under the proposed transaction, Jet would sell its 24 percent to Etihad Airways.
02/07/13 PTI/Zee News
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