As the Rs. 2,058 crore deal between Jet Airways and Etihad of Abu Dhabi kicked off controversy and evoked sharp political reactions, the government on Tuesday said the equity stake matter was still under examination and there was “no question of backtracking or disowning it as it is not an agreement with the government.” In a statement, the Prime Minister’s Office (PMO) said media reports over the last few days on the India-UAE (Abu Dhabi) bilateral air services agreement and on the Jet-Etihad equity stake proposal were “factually incorrect and baseless.”

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