Jet gains on SpiceJet's results, Etihad hopes

Mon Jan 21, 2013 5:23pm IST

A newly acquired Jet Airways Boeing 777-300ER aircraft sits on the tarmac at Mumbai airport May 13, 2007. REUTERS/Punit Paranjpe/Files

A newly acquired Jet Airways Boeing 777-300ER aircraft sits on the tarmac at Mumbai airport May 13, 2007.

Credit: Reuters/Punit Paranjpe/Files

Related Topics

Stocks

   

Reuters Market Eye - Shares in Jet Airways(JET.NS) gain 4.3 percent, after SpiceJet swung to a quarterly profit on Monday, aided by higher fares, sending its shares up as much as 7.6 percent.

"SpiceJet's result offers a very positive read-through for Jet's 3Q results," IIFL says in a note.

Dealers say investors are also hopeful of some traction in Jet's talks with Etihad for potential stake sale.

Jet Airways, India's second-largest carrier, is in talks with Abu Dhabi's Etihad Airways to sell a stake, it said earlier this month, in what could be the first deal in the sector following the rule change.

(Reporting by Abhishek Vishnoi)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Drug Pricing

REUTERS SHOWCASE

Modi Speaks

Modi Speaks

PM Modi says al Qaeda will fail in India - CNN.  Full Article 

Price Cap

Price Cap

India caps prices of 36 more drugs to improve access - govt official.  Full Article 

India-US Diplomacy

India-US Diplomacy

Obama to nominate Indian-American Richard Verma as India ambassador - congressional source.  Full Article 

Importing Rice

Importing Rice

Top rice exporter India importing over 100,000 T on temporary supply squeeze.  Full Article 

GSK Fined

GSK Fined

China hands drugmaker GSK record $489 mln fine, sentences executives.  Full Article 

HMT in Demand

HMT in Demand

Fans rush to HMT as watchmaker marks time.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage