News digest: Etihad likely to pilot Jet, GDP back-series data, and more

Jet Airways may cede reins to Etihad, puts Tatas' proposal on back burner

Naresh Goyal-run Jet Airways is said to have agreed to give up its controlling stake, paving the way for Abu Dhabi-based Etihad Airways to increase its holding in the troubled Indian airline up to 49 per cent — the maximum permissible limit for a foreign entity.

At present, Etihad owns 24 per cent of Jet Airways, while Goyal holds a 51 per cent stake.

According to sources, founder and chairman Goyal, who has been reluctant to give up control, is now preferring Etihad’s offer to the ones being discussed with