Jet in talks with Etihad for stake sale

MUMBAI: The first investment by a foreign carrier in an Indian airline could be on the anvil with Jet Airways today announcing it was in talks with Abu Dhabi-based carrier Etihad for a possible stake sale.

"Jet and Etihad are in a discussion regarding a potential investment by the latter in the former... these discussions have commenced recently pursuant to the liberalised FDI policy which permitted foreign investment in the shares of an Indian airline," Jet Airways informed the Bombay Stock Exchange.

"The discussions are in progress but no terms have been firmed up at present. Various structures are being explored by the legal and commercial teams," it said in its filing.