<div>Abu Dhabi-based Etihad Airways denied a media report on Tuesday (23 June) that it is in discussions with the Indian government to raise its 24 per cent stake in Jet Airways. </div><div> </div><div>Citing unnamed government sources, <em>Bloomberg TV India </em>said in a report earlier on Tuesday that Etihad had approached the ministry of civil aviation for permission to buy more of Jet, the country's second-biggest carrier by market share.</div><div> </div><div>"We are not in discussions with the government about raising our stake in Jet Airways," an Etihad official said in an emailed statement.</div><div> </div><div>Etihad bought a stake in Jet, which has not made an annual profit since 2007, two years ago, giving it a foothold in India's fast-growing aviation industry.</div><div> </div><div>Shares in Jet closed up 2.44 per cent on Tuesday against a 0.27 per cent rise in the benchmark .<br><br>A spokesman for Jet did not immediately respond to a request for comment.<br><br>(Reuters)</div><div> </div>
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