Jet Airways Shares Gain on Etihad Deal Speculation

By Naagesh N. | January 25, 2013 7:51 AM GMT

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(Photo: flickr.com / Debarka Banik)<br>Indian airline company Jet Airways is reported to be in talks with Etihad Airways regarding stake sale.
(Photo: flickr.com / Debarka Banik)
Indian airline company Jet Airways is reported to be in talks with Etihad Airways regarding stake sale.

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Shares of Jet Airways(JET.NS) 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 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.

Copyright 2012 Thomson Reuters. All rights reserved.
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