Jet Airways, Kingfisher Rise on Etihad Deal

December 18, 2012 8:11 AM GMT

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(Photo: Reuters/Punit Paranjpe/Files)<br>Jet Airways Files Application Seeking Slots of Kingfisher Airlines, Shares Plunges Over 6 Percent
(Photo: Reuters/Punit Paranjpe/Files)
Jet Airways Files Application Seeking Slots of Kingfisher Airlines, Shares Plunges Over 6 Percent

Jet Airways Ltd(JET.NS) extends gains for a sixth day, up 1.5 percent, while Kingfisher Airlines Ltd(KING.NS) is up 2.7 percent as Etihad Airways enters in the final stages of talks to buy a stake in either of them.

Buying into Jet is seen as more lucrative for Etihad as the two carriers already have a code-sharing agreement and could target the market share of state-owned Air India and Dubai-based Emirates Airline.

But a stake in Kingfisher would be cheaper, analysts say.

Copyright 2012 Thomson Reuters. All rights reserved.
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