NEW DELHI: Share price of Jet Airways (India) surged 6 per cent early on Tuesday after reports that Etihad Airways may raise its stake in the airline.

Dalal Street is weighing possible outcomes of tomorrow's meeting in Mumbai, which may discuss founder and Chairman Naresh Goyal's fate and see his son coming on board.

Etihad Airways has plans to increase its stake in the Indian airline, a source close to the Abu Dhabi carrier told Reuters on Monday.

Etihad owns 24 per cent of Jet, which has asked the Abu Dhabi carrier to put in more money by way of additional equity. Banks have refused any liquidity assistance for Jet until it gets equity funding from existing shareholders.

Market is abuzz with reports that Goyal is likely to step down from the board and give up a majority control in the airline.

The stock was 4.98 per cent up at Rs 309.05 on the BSE around 9.45 am.