Etihad Airways P.J.S.C. is reportedly close to acquiring 24% stake in Jet Airways (India) Ltd. in a deal to be valued at around INR 15 billion to INR 18 billion. Etihad is reportedly going to pay a 25% to 50% premium on Jet Airways' shares which had a closing price of INR 579.60 on the Bombay Stock Exchange on January 2, 2013. An Etihad spokesperson told Business Standard: “We have not received details from our UAE and India offices.

The Indian aviation industry offers tremendous potential, with significant passenger movement on domestic and international sectors. Etihad Airways will invest where it believes commercial prospects are strong”. Jet Airways did not respond to an e-mailed query by Business Standard.