India clears 24% stake in Jet Airways by UAE's national carrier Etihad

Jet Airways will be allowed to go ahead with a proposed transaction that will see a 24% stake in the airline sold to Etihad Airways after the Indian Cabinet Committee of Economic Affairs has approved the deal on October 3. 

To get final approval from Delhi, Jet and Etihad had to agree to remove a clause from their agreement that said that some of Jet Airways' management operations would be move from Mumbai to Abu Dhabi. Etihad is however still expected to significantly influence Jet's strategy with plans to move its European gateway from Brussels National to Amsterdam, to add new feeder flights from Indian airports to Etihad's Abu Dhabi hub and a review of potential new long-haul routes from India to Australia among some of the initiatives that have already been publicly discussed.

Source: CH-Aviation