Jet falls again as Etihad deal causes jitters

Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts
    Jet falls again as Etihad deal causes jitters
    Jet Airways India: Quotes, News
    BSE 251.50BSE Quote6 (-2.39%)
    NSE 251.35NSE Quote6.3 (-2.51%)
    Shares in Jet Airways fell again today after the sharp fall witnessed on Friday, as investors continued to fret over the company's deal with Etihad Airways.

    The stock dropped almost 2 per cent again today, hitting the lowest level since February, as investors continued to worry over the Etihad deal.

    Etihad Airways had a few days ago wanted a change in certain clauses before going ahead with the deal with Jet. According to reports Etihad wanted an option to increase its stake to 49 per cent in Jet Airways, but, the Jet Airways Chairman was not keen to include this clause.

    Meanwhile, PTI reported that even as its senior executives are reported to be in Abu Dhabi to further negotiate with Etihad on the proposed stake sale to the Gulf carrier, Jet Air engineers are on a "go-slow" mode following the failure of talks over wage hike and arrears.

    Read more about: jet airways etihad
    Story first published: Monday, February 25, 2013, 10:48 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more