Jet Airways (India) Ltd. (JETIN), Asia’s second best-performing airline stock this year, is in talks with Eithad Airways to sell a stake, an Indian government official said today.
SpiceJet Ltd. (SJET), the nation’s only publicly traded discount carrier, is in discussions with Malaysia’s AirAsia Bhd. (AIRA) for a stake sale, the official, who asked not to be identified citing rules. The government expects Jet Airways’ deal with Abu Dhabi- based Etihad to conclude in 45 days, the official told reporters in New Delhi.
Jet Airways executives, including Chief Commercial Officer Sudheer Raghavan, are in Abu Dhabi for talks on the stake sale, Economic Times reported, citing people it didn’t identify. A deal will help the Indian company tap the Gulf carrier’s global network, while Etihad can benefit from rising travel demand in India, said Binit Somaia at CAPA Centre for Aviation.
More on that story here: http://www.bloomberg.com/news/2012-1...ad-may-buy-stake-mumbai-mover.html
I am wondering if this could have an impact on Jet's alliance decision since Etihad is also getting close to AF-KL...
[Edited 2012-11-25 22:35:36]