MUMBAI Dec 17 Shares of India's Jet Airways
rose as much as 4.7 percent on Monday to a near
two-year high, and were headed for a fifth straight session of
gains, on growing expectations that Abu Dhabi's Etihad Airways
will buy a stake in the carrier.
India's Mint newspaper reported on Monday, Etihad may decide
as early as this week whether it will invest in Jet Airways or
Kingfisher Airlines, citing two people familiar with
the development who requested anonymity.
Jet declined to comment.
Jet was up 4.3 percent as of 0557 GMT, after earlier hitting
its highest since January 2011. Shares have surged 18 percent
over the prior four sessions.
(Reporting by Anurag Kotoky; Additional reporting by Abhishek
Vishnoi; Editing by Prateek Chatterjee)