The proposed alliance between Etihad Airways and India’s Jet Airways remains unsealed, almost three months after it was approved by India’s foreign investment regulator. Three weeks after the third deadline for the deal passed, the agreement has still not received necessary approvals from all four Indian organizations. Abu Dhabi-based Etihad plans to take a 24% stake in Jet worth some $379 million, pumping much-needed equity into the Indian carrier. The deal will give it ...

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