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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

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