Anil Agarwal, chairman and founder of metals and mining major Vedanta Resources Limited, said he was willing to take a small stake in the now-defunct Jet Airways to “give support”.
“I can be of help to them in whatever manner because everybody is ready to revive (the airline) and the government is also keen. Therefore, I just wanted to know what went wrong but never thought that we will be looking at diverting ourselves into airline business,” Agarwal told CNBC-TV18 in an interview.
In April, Jet Airways suspended all its operation due to severe cash crunch. The airline has a debt of Rs 8,500 crore.
Earlier this month, Agarwal's family trust, Volcan Investments, had withdrawn its expression of interest for Jet, a day after showing its interest in the grounded airline.
"The EoI for Jet by Volcan was exploratory in nature. On further evaluation and considering other priorities, we intend to not pursue this further,” Agarwal then said.
Speaking about owning an aviation company, he said, “I understand India, if they want me to take small equity, I will take it through my holding company just to give them a support. I am just looking hypothetically because in comparison to the world India has not done anything.”
29/08/19 CNBC TV18
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“I can be of help to them in whatever manner because everybody is ready to revive (the airline) and the government is also keen. Therefore, I just wanted to know what went wrong but never thought that we will be looking at diverting ourselves into airline business,” Agarwal told CNBC-TV18 in an interview.
In April, Jet Airways suspended all its operation due to severe cash crunch. The airline has a debt of Rs 8,500 crore.
Earlier this month, Agarwal's family trust, Volcan Investments, had withdrawn its expression of interest for Jet, a day after showing its interest in the grounded airline.
"The EoI for Jet by Volcan was exploratory in nature. On further evaluation and considering other priorities, we intend to not pursue this further,” Agarwal then said.
Speaking about owning an aviation company, he said, “I understand India, if they want me to take small equity, I will take it through my holding company just to give them a support. I am just looking hypothetically because in comparison to the world India has not done anything.”
29/08/19 CNBC TV18
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