Mumbai: The buzz on the street is getting louder on a possible deal between Naresh Goyal's Jet Airways and Middle-Eastern carrier Etihad Airways.
Jet's chief commercial officer Sudheer Raghavan, COO Hamid Ali, and key officials, including K G Vishwanath, senior general manager -MIS and Investor relations, have camped themselves at Abu Dhabi to sew the final contours of the deal with Etihad. Ali, sources say, has been stationed in Abu Dhabi for almost a month.
ET had reported of a possible deal between Jet and Etihad on September 19.
The stock markets got a whiff of the deal, propelling the shares of Jet Airways by 15.9% to end the week, at Rs 505.75, a share. "The due diligence process was underway and there is lot of activity on that front. But when a final deal will be struck cannot be said," said a person familiar with the development who did not want to be identified.
26/11/12 Times of India
