Jet Airways scout to raise funds
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Bangalore: Jet Airways, an Indian private carrier, is in talks with foreign state-owned investment funds to raise funding of up to $200 million, according to newspaper report. The company is in advanced negotiation to sell 10 percent stake to Singapore state investor Temasek Holdings to raise $50 million. Another report says that the company had approached Abu Dhabi state-owned Mubadala Development for funding. Mint said the airline and investment firm were in talks for a loan. Citing an unnamed Jet executive, the paper said the parties were in the process of finalizing the deal. In the midst of all the newspaper reports, a spokeswoman for Jet Airways told Reuters that the company would not comment on speculative reports.

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