Hinduja Brothers are preparing bid for Jet Airways, say sources
The Hinduja Group is preparing a bid to buy grounded carrier Jet Airways India Ltd, according to people familiar with the matter.
The UK-based group, run by brothers Gopichand Hinduja and Ashok Hinduja, plans to submit an expression of interest by the January 15 deadline, signalling its intent to make a formal offer, the people said, asking not to be identified as the discussions are private. “Hinduja is seeking a partner to bid,” one of the people said.
Creditors are seeking fresh bids for Jet Airways after earlier getting interest from only a single company, Synergy Group Corp.
