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Sandy29 Member
Joined: 24 Jan 2007 Posts: 123 Location: BOS/DXB/IDR/HYD
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Posted: Mon Jul 03, 2017 9:17 pm Post subject: Jet Airways may sell 24% stake to Delta |
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What a lovely day it is
http://www.moneycontrol.com/news/business/cnbc-tv18-comments/jet-airways-may-sell-24-stake-to-delta-sources-say-stock-jumps-around-4-2317291.html
Jet Airways is likely in talks with American airlines company Delta to sell up to 24 percent of its stake.
Sources privy to the development tell CNBC-TV18 that the stake sale will happen likely via issue of fresh equity in order to infuse fresh funds in Jet Airways.
Jet plans to raise around Rs 2,000 crore from this stake sale.
For this stake sale to go through, Jet Airway's will require Etihad's nod and post the sale Etihad may infuse funds to maintain its stake at 24 percent.
Responding to the channels query, Jet Airways said that it will not comment on speculation. There was no response from Delta to CNBC-TV18's email query.
Post the newsbreak Jet airways stock rallied close to 4 percent and is currently trading at levels of Rs 582 per share. |
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The_Goat Member
Joined: 03 Mar 2007 Posts: 3260 Location: South of France
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Posted: Tue Jul 04, 2017 12:11 am Post subject: |
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Where would this 24% come from?
From NG's promoter's stake or the non-Etihad public shareholder's stake? _________________ I don't know which is the more pampered bunch : AI's widebodies (the aunties) or Jet's widebodies (the planes).
-Jasepl |
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Caliguy Member
Joined: 14 Nov 2007 Posts: 723 Location: Los Angeles
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Posted: Tue Jul 04, 2017 5:18 pm Post subject: |
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The_Goat wrote: | Where would this 24% come from?
From NG's promoter's stake or the non-Etihad public shareholder's stake? |
They could just be issuing more stock (so no one cashes out, everyone gets equally diluted and the business uses the money to grow). So both NG and EY's share would go down equally. But I don't know this. Just speculating. |
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theflyingsikh Member
Joined: 08 May 2010 Posts: 551 Location: United Kingdom
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Posted: Tue Jul 04, 2017 10:44 pm Post subject: |
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Now wondering
Where did the third Lhr-Bom slot for 9W come from
Hmm 🤔 _________________ Aerosexual...! |
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Caliguy Member
Joined: 14 Nov 2007 Posts: 723 Location: Los Angeles
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Posted: Wed Jul 05, 2017 6:50 pm Post subject: |
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theflyingsikh wrote: | Now wondering
Where did the third Lhr-Bom slot for 9W come from
Hmm 🤔 |
I thought people said it was the Kuwait air slot? |
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