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6-Dec-2012 12:05 PM

Etihad Airways to raise capital to fund a rumoured stake acquisition in Jet Airways: report

Etihad Airways is reportedly likely to raise capital to fund a rumoured stake acquisition in Jet Airways (CNBC-TV18, 05-Dec-2012). The carrier is reportedly in talks with around four different foreign banks to gather around USD200 million. Therefore, it could be up to USD150-200 million of debt and the remaining capital could be funded through the internal accruals the company has in its book currently.

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