Jet Airways, Kingfisher gain on Etihad talks

Last Updated: Tue, Dec 18, 2012 04:55 hrs
A Jet Airways aircraft waits for take off on the tarmac at the airport in Mumbai

Jet Airways Ltd extends gains for a sixth day, up 1.5 percent, while Kingfisher Airlines Ltd is up 2.7 percent as Etihad Airways enters in the final stages of talks to buy a stake in either of them.

Buying into Jet is seen as more lucrative for Etihad as the two carriers already have a code-sharing agreement and could target the market share of state-owned Air India and Dubai-based Emirates Airline.

But a stake in Kingfisher would be cheaper, analysts say.

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