Jet Airways shares surge 20% on Etihad Airways stake sale report

Feb 27 2013, 13:34 IST
Comments 0
Jet Airways shares surge 20% on Etihad Airways stake sale report (REUTERS)				 Jet Airways shares surge 20% on Etihad Airways stake sale report (REUTERS)
SummaryJet Airways shares surged on report Etihad is close to a deal to purchase a 24% stake.

Jet Airways shares surged as much as 19.7 percent on Wednesday after TV channel reported Etihad Airways is close to a deal to purchase a 24 percent stake in the Indian carrier, citing unidentified sources.

Abu Dhabi's Etihad has already paid a "token" amount of $70 million, and will likely pay $400 million in the first tranche of the deal, the channel reported.

Jet shares were up 17.8 percent as of 0749 GMT.

Ads by Google
Reader´s Comments
| Post a Comment
Please Wait while comments are loading...