SpiceJet gains on foreign investment hopes

Last Updated: Thu, Jan 03, 2013 11:20 hrs

Reuters Market Eye - SpiceJet ended nearly 1 percent higher on hopes the carrier would also attract foreign investment after a senior government source told reporters rival Jet Airways was the front-runner to win an investment from Etihad Airways.

Later Jet Airways said that it was in talks with Etihad for a potential stake sale in the Indian carrier, although terms have not been finalised yet. The statement was the first confirmation of a potential deal by either side.

(Reporting by Abhishek Vishnoi)

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