Jet Airways' shares surged over 7 percent to Rs 548 after the company recently said it has plans to expand global operations by connecting 23 Indian cities to Abu Dhabi.
The airline will make Abu Dhabi its hub for launching flights to North America and West Asia. The airline has sought an extra 42,000 seats-a-week to Abu Dhabi in addition to the 4,500 it is currently allowed to operate.
Read This: Jet Airways to dilute stake via OFS route: Sources
International destinations account for over 50 percent revenues to the airline which is also in talks with Abu Dhabi's Etihad Airways to sell minority stake. If the deal goes through, Jet Airways will have access to Abu Dhabi's global network as well.
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