Jet Airways falls on Etihad deal worries

Mon Feb 25, 2013 10:19am IST

A Jet Airways passenger plane takes off from Sardar Vallabhbhai Patel International Airport in Ahmedabad February 1, 2013. REUTERS/Amit Dave/Files

A Jet Airways passenger plane takes off from Sardar Vallabhbhai Patel International Airport in Ahmedabad February 1, 2013.

Credit: Reuters/Amit Dave/Files

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Reuters Market Eye - Shares in Jet Airways Ltd (JET.NS) fall as much as 3.4 percent, hitting their lowest since December 4, on continued concerns about whether the carrier will clinch a deal to sell its stake to Abu Dhabi-based carrier Etihad Airways.

Shares in Jet Airways fell 14.5 percent last week after Etihad Chairman Sheikh Hamed bin Zayed al-Nahayan told Reuters on February 17 that it was too soon to say when a final agreement between the two carriers would be struck.

(Reporting by Abhishek Vishnoi)

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