New Delhi: A consortium of three companies could come to the rescue of crisis-hit Jet Airways, which was forced to suspend operations from April 17 after being hit by its worst financial crisis ever.
Sources had earlier confirmed to India Today TV that Hinduja Group, backed by Etihad Airways and Jet founder Naresh Goyal, is expected to start the bidding process as early as this week. However, it now seems that a grand alliance is expected to bid for the ailing airline.
London-based AdiGro Group, which owns AdiGro Aviation, is also expected to be a part of the consortium which is expected to float a bid for Jet Airways along with the other stakeholders.
AdiGro Group's Founder and Chairman Sanjay Viswanathan had earlier expressed keen interest to partner Etihad for saving Jet Airways. AdiGro, an unsolicited bidder for Jet Airways, already discussed the prospects of the potential bid with Etihad even before Hinduja floated its interest in bidding for the airline.
Top executives from Hinduja Group are expected to meet with Etihad Airways and lead lender State Bank of India (SBI) to finalise its bidding conditions.
22/05/19 India Today
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Sources had earlier confirmed to India Today TV that Hinduja Group, backed by Etihad Airways and Jet founder Naresh Goyal, is expected to start the bidding process as early as this week. However, it now seems that a grand alliance is expected to bid for the ailing airline.
London-based AdiGro Group, which owns AdiGro Aviation, is also expected to be a part of the consortium which is expected to float a bid for Jet Airways along with the other stakeholders.
AdiGro Group's Founder and Chairman Sanjay Viswanathan had earlier expressed keen interest to partner Etihad for saving Jet Airways. AdiGro, an unsolicited bidder for Jet Airways, already discussed the prospects of the potential bid with Etihad even before Hinduja floated its interest in bidding for the airline.
Top executives from Hinduja Group are expected to meet with Etihad Airways and lead lender State Bank of India (SBI) to finalise its bidding conditions.
22/05/19 India Today
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