Jet Airways takes off

about 1 year ago
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Not surprisingly, Jet Airways is the top gainer in the market currently, which is awaiting the interim budget any time now.

Jet Airways soared over 18.5% to Rs.281.50 and remains bright green as the news is that, albeit unconfirmed yet by the company, that it has accepted an offer, more like a bailout plan from Abu Dhabi based Etihad and also that Naresh Goyal has agreed to step down.

The news is that Jet, in order to stay afloat and not go the Kingfisher way, has agreed with most of the conditions set by Etihad.

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