Etihad Airways, the national carrier of the UAE and Jet Airways have formally announced that they have struck the deal under which Etihad has been allotted 24 per cent equity shares in the Jet Airways. All requisite Indian regulatory approvals had been obtained by both the Airways. The Jet Airways issued and allotted today 27,263,372 equity shares of a face value of Rs.10 each at a price of Rs. 754.74 per equity share on a preferential basis to Etihad Airways. With this the paid up share capital of Jet Airways has gone up to 11,35,97,383 equity shares of Rs.10 each. The move formalizes the sale of 24 percent equity of Jet Airways to the Etihad Airways.