Jet Airways Said to Seek $300 Million Funding for Expansion

Jet Airways India Ltd., the carrier part-owned by Etihad Airways PJSC, is seeking to raise about $300 million to fund expansion on international routes, people with knowledge of the matter said.

Jet Airways, India’s second-largest airline by passengers, has started talks on a potential equity fundraising from investors other than Etihad, the people said, asking not to be identified because the information is private. The company, which has a market value of 41.9 billion rupees ($619 million), aims to sell stock at a premium to its current share price, according to one of the people.