Shares of India's Jet Airways jumped 4.7 percent on Monday to their highest in nearly two years on hopes Etihad Airways will buy a stake in the carrier.India's Mint Newspaper reported that Etihad may decide as early as this week whether it will invest in Jet Airways or in grounded rival Kingfisher Airlines, citing two people familiar with the matter.Mint also quoted one of the people as saying Jet Airways had the edge in terms of attracting Etihad's investment.Jet and Kingfisher declined to comment. Etihad officials were not available to comment.Jet is already in talks with Etihad to sell a minority stake in the airline, a government official had told reporters last month, while Kingfisher has said it was also talking with the Abu Dhabi-based carrier, among others.Any Etihad deal would be the first since India in September allowed foreign airlines to invest up to 49 percent in a domestic carrier. Source: Reuters
Gravity always wins!