January 25, 2013 / 7:32 AM / 5 years ago

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

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below