Saturday, December 10, 2016

India's Jet Airways mulls equity raise to expand intl routes

Jet Airways(9W, Mumbai Int'l) may be planning to raise USD300 million in equity, Bloomberg reports, citing confidential sources. Selling stock at a premium to the current share price, the raise could allow the airline to expand its international offerings.

Under its current financial structure, publicly listed Jet Airways is owned 51% by Chairman and founder Naresh Goyal, 24% by Etihad Airways (EY, Abu Dhabi Int'l), and the remainder by private investors. Earlier this year, Etihad was in talks over the proposed acquisition of a further 25% stake in the Indian carrier.
10/12/16 ch-aviation
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