DLA Piper and Amarchand & Mangaldas & Suresh A. Shroff & Co. are advising Abu Dhabi’s Etihad Airways in its proposed $379 million acquisition of a 24 percent stake in India’s Jet Airways (India) Ltd. 
The Indian government last year relaxed restrictions on foreign ownership in five sectors, including retail and aviation. Etihad is the first foreign company to take advantage of the opening and buy a stake in an Indian airline.
As part of the deal, which is still subject to regulatory and shareholder approval, the two airlines would combine their networks and introduce new routes between India and Abu Dhabi .
DLA Piper London partner Jon Hayes and Hamburg partner Benjamin Parameswaran are advising Etihad on the deal. Amarchand Mumbai partners Cyril Shroff and Nisha Uberoi are representing Etihad with regard to Indian law issues.
Jet Airways is being advised by former Indian solicitor-general Harish Salve, who also recently represented Vodafone Group Plc. before the Supreme Court of India in its $2.6 billion tax dispute with the Indian government. Indian firms Gagrats and ELP Advocates & Solicitors are also representing Jet Airways.
Email: tbrennan@alm.com .