Jet Airways, country’s private carrier is looking for approval from the Foreign Investment Promotion Board (FIPB), in order to sell 24% stake in the company to Gulf carrier Etihad Airways. It has filed its application to the FIPB late last week. The company had signed a deal with Etihad last month under which the premier Indian carrier agreed to sell 27.26 million shares in a preferential offer to the latter at Rs 754.74 a piece.
Jet Airways currently operates a fleet of 99 aircrafts, which include 10 Boeing 777-300 ER aircraft, 11 Airbus A330-200 aircraft, 58 next generation Boeing 737-700/800/900 aircraft and 20 modern ATR 72-500 turboprop aircraft.
| Company Name | CMP |
|---|---|
| Interglobe Aviation | 5315.00 |
| SpiceJet | 11.60 |
| Raymond | 635.20 |
| Global Vectra Helico | 150.40 |
| TAAL Tech | 4284.50 |
| View more.. | |
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