How the Jet-Etihad deal was struck

Mumbai: It was in mid-July last year that Jet Airways (India) Ltd chairman Naresh Goyal phoned his friend James Hogan , president and chief executive of Etihad Airways PJSC , and talked to him about the possibility of a policy change that would allow overseas airlines to invest in Indian carriers. If such a change took place, would the United Arab Emirates (UAE) national carrier be interested in a deal with Jet Airways, Goyal asked Hogan, according to three persons familiar with the content of that conversation.

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