Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From May 21, 2019

Evaluating Jet Airways Opportunity, Says Hinduja Group

Evaluating Jet Airways Opportunity, Says Hinduja Group
Traffic travels along a road past Jet Airways India Ltd. aircraft sitting on the tarmac at Chhatrapati Shivaji Maharaj International Airport in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

The Hinduja Group said today it's evaluating the opportunity to invest in Jet Airways (India) Ltd., which has been grounded for over a month now.

Lenders to the full-service carrier, which shuttered operations on April 17 as it ran out of cash, is looking for possible suitors.

While the State Bank of India-led lender consortium is working on reviving the once-storied airline, the civil aviation ministry has already awarded its slots at various airports to other airlines on a temporary basis.

The group, which has interests in automotive, information technology, infrastructure project, power, real estate and healthcare, employs over 1.5 lakh people, as per its website.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search