Jet Airways drops 3 per cent on Etihad deal worries

Business

oi-Sunil

By Sunil Fernandes

Published: Thursday, April 11, 2013, 10:32 [IST]

Shares in Jet Airways dropped more then 3 per cent in trade on renewed worries over a deal with Etihad Airways. The stock was last traded at Rs 484 on the Bombay Stock Exchange.

News reports had hinted that the deal could get delayed until August 2013. The Jet stock had been rallying ever since reports of the deal with Etihad surfaced.

However, there have been some reservations reported by Etihad. The deal if goes through would help infuse the much needed funds for Jet Airways, which is saddled with huge debts on its books.

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