Jet Airways (India) Ltd. on January 3, 2013 confirmed that it was in talks with Etihad Airways P.J.S.C. for a potential stake sale in Jet Airways, although terms have not been finalized yet. “Various structures are being explored by the legal and commercial teams and care being taken to ensure that all the Indian regulatory requirements are fully complied with,” Jet said in a statement to the Bombay Stock Exchange. On January 2, 2013, an Indian government source said Jet was the front-runner for an investment by Etihad, adding that Etihad could pay up to $330 million for a 24% stake in Jet Airways.