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India deal for Etihad

AIRLINE Etihad has closed a deal to buy a 24pc stake in India's Jet Airways.

Etihad CEO James Hogan said India is a "key part" of the airline's growth strategy.

The airline also owns almost 3pc of Aer Lingus. It has spent about $349m (€258m) buying the Jet Airways stake. Etihad recently placed a $25bn order for 56 Boeing aircraft.