Jet Airways in stake sale talks with Etihad -Govt source

Last Updated: Mon, Nov 26, 2012 06:13 hrs

India's Jet Airways is in talks with Abu Dhabi's Etihad Airways to sell a minority stake, an Indian government source said on Monday.

The same source said Indian budget carrier SpiceJet is in talks with Malaysia's AirAsia to sell a stake.

A Jet Airways spokeswoman did not immediately respond to a Reuters' query, while a SpiceJet spokeswoman declined comment.

Any foreign direct investment in Indian carriers needs government approval.

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