 The countdown has begun for the biggest economic event of the year and P. Chidambaram has a tough job on his hands. Full Coverage Jet Airways aircraft stand on tarmac at the domestic airport terminal in Mumbai September 9, 2009. Credit: Reuters/Punit Paranjpe/Files NEW DELHI | NEW DELHI (Reuters) - Shares in Jet Airways (JET.NS) surged as much as 19.7 percent on Wednesday after TV channel ET Now reported Etihad Airways is close to a deal to purchase a 24 percent stake in the Indian carrier, citing unidentified sources. ET Now reported 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 17.7 percent as of 1:22 p.m. (Reporting by Anurag Kotoky; Editing by Rafael Nam)
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Wednesday, 27 February 2013
Jet Airways surges on report Etihad close to stake buy - Reuters India
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