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Etihad closer to Jet Airways deal

Etihad Airways is getting closer to gaining a foothold in the Indian market.

India's foreign investment regulator has given its approval to a $379m (£248m) deal that will see Etihad buy a 24% stake in Jet Airways.

It is the first foreign investment in India's airline sector since ownership restrictions were eased last year.

The deal, announced in April, had come under scrutiny amid concern over who would control the airline's operations.

Sameer Hashmi explains the significance of this potential deal.

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