June 19, 2014 12:05 PM

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Fair trade watchdog in Singapore scrutinizes Jet-Etihad deal

In fresh troubles for Indian carrier Jet Airways' alliance with Abu Dhabi's Etihad, fair trade watchdog in Singapore has begun a scrutiny of the deal to probe any possible violation of its competition laws. The Competition Commission of Singapore said in a notification that it was seeking feedback from the public and other stakeholders till July 11th, after which it would take its final call on the deal.The deal was announced more than a year ago in April 2013 and involves purchase of a 24 per cent stake in Jet Airways for about Rs. 2,060 crore by Etihad and other tie-ups.

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