Staying airborne: A Jet Airways India Ltd aircraft prepares to land at Chhatrapati Shivaji International Airport in Mumbai. The airline is said to be planning to sell stock at a premium to its current share price. – Bloomberg
MUMBAI: Jet Airways India Ltd, the carrier part-owned by Etihad Airways PJSC, is seeking to raise US$300mil to fund expansion on international routes, people with knowledge of the matter said.
Jet Airways, India’s second-largest airline by passengers, has started talks on a potential equity fundraising from investors other than Etihad, the people said, asking not to be identified because the information is private. The company, which has a market value of 41.9 billion rupees (US$617mil), aims to sell stock at a premium to its current share price, according to one of the people.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
