Etihad Airways (EY, Abu Dhabi International) chairman Sheikh Hamed bin Zayed Al Nahyan has told Reuters that Etihad's board would still be reviewing a proposal to acquire a 24% stake in Jet Airways (Mumbai International) and that it would be too early to make a final decision. According to Al Nahyan the proposed transaction still needs to be revised. Etihad CEO James Hogan had confirmed last week that due diligence would still be in progress. Several Indian media reports had suggested in recent days that a deal would be finalized within days.