Evaluating Jet Airways opportunity: Hindujas Group

Evaluating Jet Airways opportunity: Hindujas Group

AgenciesUpdated: Wednesday, May 29, 2019, 07:57 PM IST
article-image
Mumbai: A view of Jet Airways planes parked at the Mumbai airport, Monday, April 15, 2019. The airline is operating just 6-7 planes, with almost its entire fleet being grounded due to non-payment of rentals to lessors amid severe paucity of cash. (PTI Photo/Shirish Shete)(PTI4_15_2019_000046B) |

New Delhi: Diversified Hinduja Group is evaluating opportunity to invest in Jet Airways, which has been grounded for more than a month now. Lenders to the airline, which temporarily shuttered operations on April 17 as it ran out of cash, are looking for possible suitors.

While the SBI-led lenders’ consortium is still working on ways to revive the once-storied Jet Airways, the civil aviation ministry has already awarded the carrier’s slots at various airports to other airlines on a temporary basis. “Hinduja Group is evaluating the Jet Airways opportunity,” the group said in a statement on Tuesday.

The group has interests in automotive, information technology, infrastructure project, power, real estate, healthcare and other areas.  It employs more than 1,50,000 people, as per its website.

RECENT STORIES

After RBI Action, Kotak Bank Shares Stumble Nearly 10%; Markets Start In Red

After RBI Action, Kotak Bank Shares Stumble Nearly 10%; Markets Start In Red

Mitesh Mangaonkar: Leading Innovator In Data Engineering And Cloud Computing

Mitesh Mangaonkar: Leading Innovator In Data Engineering And Cloud Computing

‘Tax Payers Are Meaningless Minorities': Only 0.5% Of Voters Pay Income Tax, Says Ashneer Grover

‘Tax Payers Are Meaningless Minorities': Only 0.5% Of Voters Pay Income Tax, Says Ashneer Grover

'Cease And Desist': RBI Bars Kotak Mahindra Bank From Onboarding New Customers Via Online, Issuing...

'Cease And Desist': RBI Bars Kotak Mahindra Bank From Onboarding New Customers Via Online, Issuing...

Ultraviolette Launches F77 Mach 2 in India: Promises 323km Range at Rs 2.99 Lakh

Ultraviolette Launches F77 Mach 2 in India: Promises 323km Range at Rs 2.99 Lakh