NEW DELHI: Shares of Jet Airways (India) jumped 3 per cent on Friday after media reports suggested that beleaguered firm is planning to approach Tata Group for stake sale talks. According to a Bloomberg report, Jet's talks with foreign partner Etihad Airways stalled over latter’s demand that Chairman Naresh Goyal step aside from his management role.

With Jet Airways set to run out of cash in about a month, carrier is now looking to restart talks with India’s biggest conglomerate.

Jet has said it would catch up with debt payments in arrears by September and from April would meet debt payments as they come due, as per Reuters. Shares of company cooled off a little and traded 1.80 per cent up at Rs 246.55 around 9:25 am.