SpiceJet gains on foreign investment hopes

Thu Jan 3, 2013 4:45pm IST

SpiceJet aircrafts prepare for landing and take-off at the airport in Mumbai July 15, 2008. REUTERS/Punit Paranjpe/Files

SpiceJet aircrafts prepare for landing and take-off at the airport in Mumbai July 15, 2008.

Credit: Reuters/Punit Paranjpe/Files

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Reuters Market Eye - SpiceJet (SPJT.BO) ended nearly 1 percent higher on hopes the carrier would also attract foreign investment after a senior government source told reporters rival Jet Airways(JET.NS) was the front-runner to win an investment from Etihad Airways.

Later Jet Airways (JET.NS) said that it was in talks with Etihad for a potential stake sale in the Indian carrier, although terms have not been finalised yet. The statement was the first confirmation of a potential deal by either side.

(Reporting by Abhishek Vishnoi)

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