The
proposed stake sale by Indian carrier, Jet Airways and Abu Dhabi-based
international carrier, Etihad would be completed in the next 10-15 days.
Speaking
to media on the sidelines of the ongoing Aero India 2013,Union Minister of
Civil Aviation, Ajit Singh confirmed that the deal would be completed within
10-15 days. Etihad has been in talks with the Naresh Goyal-run carrier to
acquire a 24% stake at an estimated value of $1.4 billion, according to
aviation analyst firm, CAPA India.
On
the controversy surrounding the national carrier Air India’s Dreamliner
aircraft which was delivered by Boeing, he said.
“Our
only concern on the Dreamliner is how soon it will be resolved. There will
definitely be compensation to airlines until the FAA and DGCA certification.”
The
aircraft had developed technical snags and has been grounded by aviation
regulators on January 17. Air India was scheduled to get its seventh aircraft
by January-end which could not be fulfilled until all technical issues were
resolved.
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