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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 ofJet 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.”
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