Jet Airways (India) Ltd has approached investment bankers again to help sell a stake in the carrier, two people with direct knowledge of the matter said. The fundraising is crucial for the airline, owned 24% by Etihad Airways PJSC of Abu Dhabi, as it faces several challenges including a surge in fuel prices, weaker rupee and intensifying competition. “Jet Airways is looking to raise immediate cash and the transaction may include Jet Airways founder Naresh Goyal offloading a part of the promoter’s stake in the company,” one of the two people said on condition of anonymity.
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