Eithad Airways continues its expanssion

The Gulf carrier, Eithad Airways, could pay up to $330 million to obtain a 24% stake in Jet Airways, prompted by India's liberalization allowing foreign companies to invest up to 49% in Indian ones last September. Eithad's potential move into Asia, is part of their global expansion, which has led the Emirate airline to buy 29% of Air Berlin, making it the largest stakeholder, or more recently to acquire a 2.99 per cent stake in Aer Lingus or to increase its stake in Virgin Australia to 10 per cent, according to the Financial Times.