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Jet Airways, Kingfisher Fly Higher on Etihad's likely India visit

Aviation stocks were flying higher on Wednesday on reports that key executives from Etihad Airways' are likely to visit India this week to evaluate potential investment opportunities in Indian carriers. While KFA was up 5%, Jet too climbed 3.7% higher on this news. SpiceJet was also up around 4%.

CNBC-TV18 has learnt from sources that executives are scheduled to meet Jet Airways  and Kingfisher Airlines  top officials. It is also learnt that Etihad's senior executives have been favouring Jet, but decision in this regard is not yet finalised.

Meanwhile, Jet has expanded its code-share agreement with Etihad Airways for the Abu Dhabi-Paris route on Monday. The two airlines already have a similar arrangement for Abu Dhabi-Mumbai/Delhi routes operated by Jet Airways, and the flights originating from Abu Dhabi for Mumbai, Delhi, Cochin, Thiruvananthapuram, Kozhikode, Chennai and Hyderabad operated by Etihad.

Jet is the only Indian airline to have code sharing pact with Etihad . Code-sharing allows an airline to book its passengers on its partner carriers and provide seamless transport to multiple destinations where it has no presence

Sources said Jet has been considering minority stake sale of up to 20 percent while debt-laden Kingfisher Airlines, which has debt of over Rs 7,000 crore, was looking at majority stake sale. Kingfisher sought fresh equity infusion of at least USD 400 million, sources added.

Liquor baron Dr Vijay Mallya is also in discussions with several investors for equity partnership, including Gulf-based Etihad Airways . The company has however denied any deal with any of them, even as it lost five more aircraft due to non- payment of lease rentals and tax dues. "We would like to clarify that the company is in discussions with various investors, including Etihad Airways, for equity investments," Kingfisher said in a filing to BSE.

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Kingfisher Airlines evaluating steps for revival including capital infusion
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Kingfisher Airlines surges on stake sale reports to Eithad Airways
Economic Times
The news comes on the backdrop of the fact that aviation minister Ajit Singh has categorically said that until and unless Kingfisher Airlines complies with the DGCA norms, it will not be able to fly again. Kingfisher Airlines has been in talks with ...
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Economic Times
Kingfisher Airlines confirms Etihad talks
BBC News
India's Kingfisher Airlines has confirmed that it is in talks with Etihad Airways and other investors to take a stake in the embattled carrier. Local media reported thatKingfisher planned to sell a 48% stake, though the firm did not confirm the claims ...
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BBC News

Kingfisher Airlines confirms Etihad discussions
Breaking Travel News
Kingfisher Airlines has confirmed it is in talks with Etihad Airways over potentially taking an equity stake in the troubled India carrier. A number of other investors are believed to be interested in the airline, which is battling for survival ...
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Breaking Travel News
Kingfisher confirms Etihad investment talks
Business Traveller
Troubled Indian carrier Kingfisher Airlines has confirmed it is “in discussion with various investors, including Etihad Airways, for equity investments in the company”. Local media reports suggest Etihad is looking to take a 48 per cent stake in ...
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Jet, Kingfisher fly higher on Etihad's likely India visit
Jet, Kingfisher fly higher on Etihad's likely India visit. Aviation stocks were flying high on Wednesday on reports that the Etihad (a flag carrier of the United Arab Emirates) executives are likely to visit India this week to evaluate potential ...
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Kingfisher says talks with Etihad still on
Business Times (subscription)
Grounded: Kingfisher is facing eviction from Mumbai airport over non-payment of charges. - PHOTO: BLOOMBERG. BT 20121213 KINGFISHER13 309771. [MUMBAI] Kingfisher Airlines said on Tuesday that it was in talks with Abu Dhabi's Etihad Airways and ...
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