The Hinduja Group on Tuesday said it was considering a bid for Jet Airways (India) Ltd, which has been grounded for more than a month and is on a desperate hunt for an investor to restart flights.
“Hinduja Group is evaluating the Jet Airways opportunity,” a spokesperson for the diversified conglomerate said, confirming media reports about its interest in Jet Airways.
The spokesperson did not elaborate on Hinduja’s plans and whether it would ask lenders to Jet Airways to take a haircut on loans outstanding of nearly ₹8,400 crore.
An investment by the Hindujas is expected to offer a respite to Jet Airways, its employees, as well as lenders and investors. The group is led by billionaire brothers Gopichand and Srichand Hinduja, who are among the UK’s wealthiest people.
