January 25, 2013 / 7:22 AM / 5 years ago

MARKET EYE-Jet Airways shares rise on Etihad deal hopes

1 Min Read

* Shares of Jet Airways Ltd gain 5 percent 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 India's 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.

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