Published: Monday November 26, 2012 MYT 2:55:00 PM
Report: AirAsia in talks to buy a stake in Indian SpiceJet
NEW DELHI: India's Jet Airways is in talks with Abu Dhabi's Etihad Airways to sell a minority stake, an Indian government source said on Monday.
The same source said Indian budget carrier SpiceJet is in talks with Malaysia's AirAsia to sell a stake.
A Jet Airways spokeswoman did not immediately respond to a Reuters' query, while a SpiceJet spokeswoman declined comment.
Any foreign direct investment in Indian carriers needs government approval. - Reuters