Shares of Jet Airways (JET.NS) jumped as much as 4.7 percent on Monday to their highest in nearly two years on hopes Abu Dhabi's Etihad Airways will buy a stake in the carrier.
Mint Newspaper reported on Monday that Etihad may decide as early as this week whether it will invest in Jet Airways or in grounded rival Kingfisher Airlines (KING.NS), 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.
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