Jet Airways' shares rose 3.73 percent to Rs 570 on reports that private equity player, Blackstone has held preliminary talk with the airline's frequent flier unit, JetPrivilege for buying a stake.
Discussions are at an early stage, according to a Times of India report which further said that Jet Air could offer upto 50 percent stake and it whether deal talks would progress.
Jet Air has been talking about hiving off JetPrivilege into a separate division so that it can increase its customer base.
Simultaneously, the airline also has plans to expand global operations by connecting 23 Indian cities to Abu Dhabi.The airline will make Abu Dhabi its hub for launching flights to North America and West Asia. The airline has sought an extra 42,000 seats-a-week to Abu Dhabi in addition to the 4,500 it is currently allowed to operate at a time when it is negotiating a stake sale deal with the carrier.
Read This: Jet Airways up 7% on expansion plan in Abu Dhabi .
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