To buy 26% stake in JV with Malaysian Airlines

Written by Press Trust of India | Mumbai | Updated: Jan 27 2010, 04:21am hrs
The board of directors of Jet Airways has given its in-principle approval to acquire 26% stake in MAS GMR Aerospace Engineering Company for an unspecified amount. The Hyderabad-based MAS GMR Aerospace is a joint venture between Malaysian Airlines engineering arm and the GMR group engaged in setting up a maintenance, repair and overhaul facility.