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Jet Airways rises 6% on reports Etihad Airways may raise its stake

Etihad Airways currently owns a 24 per cent stake in debt-laden Jet Airways.

Jet Airways
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Jet Airways

SI Reporter New Delhi
Shares of Jet Airways rose as much as 6 per cent to Rs 312 on the BSE in early trade Tuesday after various media reports suggested that Etihad Airways plans to increase its stake in the cash-strapped airline.

Etihad Airways currently owns a 24 per cent stake in the debt-laden airline.

Jet Airways had jumped around 19 per cent on Monday in intra-day trade after CNBC TV18 reported that founder and chairman Naresh Goyal was likely to step down from the board and give up majority control. The report also said that Etihad may infuse more capital into Jet.

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