Asked if a Jet deal would be signed by March or April, Sheikh Hamed said: “I don’t know ... we need to revise it.”
The terms of the possible deal have not been disclosed, but a government source said earlier this month Etihad was in talks to pick up a 24% stake in Jet for up to $330 million (R1,782 crore).
Asked if a Jet deal would be finalised soon, Sheikh Hamed said: “It’s too early to decide.”
Sheikh Hamed, who is also managing director of sovereign wealth fund Abu Dhabi Investment Authority, did not specify why the deal needs to be revised. “We need to talk with the Indians about other issues ... including this,” he said.
Sheikh Hamed also dismissed as “rumours”, talk of the carrier's interest in India’s grounded Kingfisher Airlines.