Jet Airways shares jump on Etihad investment hopes

Jet Airways rises as much as 6% in early trade
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First Published: Thu, Jan 03 2013. 09 50 AM IST
Shares of Kingfisher Airlines Ltd, which had been vying with Jet to win the Etihad investment, fell 2.6%. Photo: Ramesh Pathania/Mint
Shares of Kingfisher Airlines Ltd, which had been vying with Jet to win the Etihad investment, fell 2.6%. Photo: Ramesh Pathania/Mint
Mumbai: Shares in India’s Jet Airways India Ltd rose as much as 6% on Thursday, a day after a senior government source told reporters the carrier was the front-runner to win an investment from Etihad Airways.
The Gulf carrier could pay up to $330 million for a 24% stake in Jet, and a deal is likely in the next 10 days, the official said.
Jet Airways India Ltd was up 5.2% as of 09:30 am.
However, shares of Kingfisher Airlines Ltd, which had been vying with Jet to win the Etihad investment, fell 2.6%.
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First Published: Thu, Jan 03 2013. 09 50 AM IST
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