The move is likely to impact Jet's operations out of Belgium and India.
The West Asian carrier could pay up to $330 mn for a 24% stake in Jet, say sources.
Asian and Middle Eastern airlines -- but no Indian names -- dominated the Top 10 slots at the World Airline Awards.
It is clear that foreign airlines have realised the growth possibilities of the Indian aviation sector and are keenly interested, the minister said.
The spokesperson in the Ministry of External Affairs said diplomats deal with a variety of issues and it was normal for them to collect information, assess them and send report to the government back home.
Etihad will be able to carve out a strong niche in the Indian market.
In the previous decade, the government, with Praful Patel as the civil aviation minister, saw the introduction of an irrational 5/20 policy.
Conforming to the Sharia law, the airline 'strictly prohibits' alcohol in flights and all the food items provided will be 'halal'. Prayers from the Holy Quran will also be recited before the departure of each flight.
The Indian government allowed foreign airlines to buy up to 49 per cent stakes in Indian carriers in September 2012.
While the FIPB has sought more transparency on whether the rules concerning effective control would be followed once the deal fructifies, the Finance Ministry has also written to Sebi for a report on the Jet-Etihad deal, official sources said Wednesday.
The Competition Commission on Thursday imposed Rs 1 crore fine on Abu Dhabi-based Etihad for non-disclosure of full information in the course of seeking approval for its purchase of 24 per cent stake in Jet Airways.
The apex court issued notices to the Centre, ministries and departments concerned, Jet Airways and United Arab Emirate's Etihad Airways on the petition challenging the deal and sought their responses within four weeks.
With introduction of double-decked Airbus A380, the whole first class space has undergone transformation.
International and Indian airlines are refusing to refund cash and giving credit that can be used later.
Etihad and Qatar Airways have held informal talks with Kingfisher and SpiceJet to expand their footprints in India.
Airlines in the UAE are expecting a huge rush since nearly a million amnesty seekers, including many Indians, are likely to leave the country before the September two deadline.
Etihad, Emirates and Qatar Airways have combined hired more than 100 Indian pilots in the last six months.
As the majority of Pakistani airspace has remained closed for Indian airlines since the Balakot strike on February 26, the decision to avoid affected Iranian airspace on Saturday is going to further disturb the routes of their international flights towards middle-eastern and European countries, and the US.
The process of getting a new promoter on board is likely to take another two to three months and once that happens, the banks would offload their stakes.
In the past, Qatar Airways has repeatedly expressed a desire to invest in IndiGo, the country's largest domestic airline.
The travel agents have demanded refunds for customers
Swamy also seeks CBI probe against the government officials who had cleared the deal.
Debt-ridden national carrier Air India tops a brand reputation survey.
At the end of September quarter, Tail Winds held 68,15,843 shares, equivalent to 7.89 per cent holding, of Jet Airways.
Stressful work schedules and limited growth opportunities are taking a toll on a large number of senior professionals in airlines.
Over the past several months, the airline has struggled to pay vendors and staff salaries on time.
Airlines have hiked their fares substantially for Down Under.
IndiGo, Jet, SpiceJet and GoAir demand level playing field in aviation policy, say government can't favour only two new airlines.
The government is keeping its options open.
Both Vistara and AirAsia India, along with their partners, are quietly putting together an aggressive plan to become a formidable force in the skies. At the core of this new push is their plan to go international this financial year.
West Asian carriers are up against Air India and IndiGo in the battle for seats on lucrative international routes.
Wife Anita Goyal and one nominee of Etihad Airways PJSC would also step down from the board.
Currently bankers are trying to stave off bankruptcy even as media reports said Etihad Airways, which already owns 24 per cent in the airline, has teamed up with the Hindujas to buy the airline.
The move comes a day after an urgent meeting of lenders with Goyal and Etihad Airways chief executive officer Tony Douglas to resolve various issues between the two promoters as well as lenders and Etihad.
While the interest from Hinduja is a positive sign for the grounded airline, executives of banks cautioned that there is no certainty that the deal will fructify. The cost of recapitalising Jet Airways is increasing every day.
Former Air India executive director Jitender Bhargava comes out with a book detailing what went wrong with the national carrier. According to him, India does not have a civil aviation policy, and that's just the beginning.
Darwin Group has offered Rs 14,000-crore deal to the lenders for acquiring the grounded airline
Switching to a damage-control mode, bankers and government officials claimed that Jet Airways wouldn't fall even if Etihad refuses to back the resolution plan and exits.
Foreign carriers to pick up staff from cash-strapped SpiceJet.
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