Etihad-Jet deal due by end of September

Etihad Airways is confident that it will gain the necessary approvals to execute its agreement to take a stake in Jet Airways by the end of September according to Flightglobal.
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The online data service said that Etihad chief executive James Hogan and Jet chairman Naresh Goyal (pictured right)  had agreed to extend a 'long-stop' deadline for the deal to be approved to the end of September.
Under the proposed deal, Etihad will take a 24% stake in Jet as part of a wide-ranging alliance between the two carriers. Etihad has also agreed to buy a 50% stake in Jet's Jet Privilege loyalty programme and also acquire its slots at London Heathrow airport under a sale and leaseback arrangement.
Jet will be routing a number of international services via Abu Dhab as a result of the deal.
A spokesman for Etihad said clearances from the Competition Commission of India and the Indian government are expected "imminently."