Wednesday, November 14, 2018

Jet Airways terms deal with Tatas as 'speculative'

Struggling carrier Jet Airways Tuesday termed media reports of Tata group carrying out due diligence to acquire the airline as "speculative".
In a response to the clarification sought by the BSE on the news reports, Jet Airways (India) said, "...the subject news is speculative in nature and that there is no discussion or decision in the board which would require a disclosure..."
Separately, its deputy chief executive and chief financial officer, Amit Aggarwal, in the post-earnings analysts call Tuesday also termed the reports speculative and said that unless something get materialised, the company will not comment.
"We can't comment on speculations. We have very clearly stated time and again that once something materialises, we will talk it through. Otherwise, we are not commenting on any speculation," he said.
13/11/18 PTI/Economic Times
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