India panel approves Etihad's Jet Airways stake deal

[mhm]

India's foreign investment regulator has given its approval to a $379m (£248m) deal that will see Etihad Airways buy a 24% stake in Jet Airways.

It is the first foreign investment in India's airline sector since ownership restrictions were eased last year.

The deal, announced in April, had come under scrutiny amid concern over who would control the airline's operations.
http://www.bbc.co.uk/news/business-23499082