Jet Airways Zooms 10% .

Jet airways logo

Shares in Jet Airways rose 10 per cent on Friday, after it was reported by a news channel that Abu Dhabi’s Etihad Airways may buy a 10-12 per cent stake in the company directly from promoters.

Etihad may pay as much as Rs. 750 a share for the stake, the report said.

Etihad has been in talks with Jet to buy a 24 per cent stake.

The channel said Etihad may buy the remaining stake by issuing preferential shares.