Jet Airways shares rise on Etihad deal hopes
Reuters Market Eye - Shares of Jet Airways(JET.NS) ended 4.3 percent higher on continuing speculation that Abu Dhabi's Etihad Airways will buy a stake in the carrier, the first such investment by a foreign carrier in an Indian airline since rules were relaxed last year.
Etihad will finalise a deal to buy a stake in Jet Airways on Friday, CNBC TV18 reported earlier this week.
The Gulf carrier could pay up to $330 million for a 24 percent stake in Jet, India's second-biggest carrier, a senior government source told Reuters earlier this month.
(Reporting by Manoj Dharra)
- Tweet this
- Share this
- Digg this
India promised on Monday to open up the coal industry to private players and moved closer to selling a stake in a state-run oil company, as Prime Minister Narendra Modi picked up the pace on economic reform days after relaxing fuel price controls. Full Article