The Competition Commission of India (CCI) on Tuesday cleared the final regulatory hurdle for Abu Dhabi-based Etihad Airways to buy a 24% stake in Jet Airways. The deal is the first investment by a foreign airline into an Indian carrier, since the government permitted such investments in September 2012. It is expected to pave the way for other foreign airlines wanting a slice of the India’s huge but underserved market. In a 23-page order, CCI argued the deal—and the new ...

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