Friday, November 23, 2012

Etihad to pick 24% in Jet Airways?

Neelam Mathews
Nov 23, 2012

Jet Airways Naresh Goyal with James Hogan, CEO of Etihad
The market is abuzz with talk that Etihad is close to acquiring 24% in Jet Airways, a deal that will give Jet Airways a post money valuation of around $1.7 billion, more than twice its current market cap according to a website. Aerospace Diary could not confirm this.
Shares of Jet Airways have gained over 20 percent in the last four sessions. A Mumbai-based operator has also been showing interest in the stock lately, said an Economic Times report. A Jet spokeswoman was quoted saying:“ We are unable to comment on market speculation.” 
If this development takes place, what happen to talks believed to be on between SpiceJet and Etihad? Another FDI in the offing? Wonder what the competition Commission say about that!

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