Mumbai

Shares of India’s Jet Airways rose sharply on Wednesday amid report that founder Naresh Goyal has agreed to sell his controlling stake and give up operational control of the struggling carrier.

Although Goyal has been reluctant to relinquish his controlling stake in the 25-year-old airline, he is said to have met all three prospective buyers Tata Group, Etihad Airways and a consortium of Air France – KLM and Delta Air Lines Inc.

“Goyal has agreed to sell controlling stake in the company to an investor and has communicated the same to three strategic investors they are talking to at this point,” the report quoted sources as saying.