The Hinduja group is exploring the possibility of a bid for Jet Airways, which has ceased operations since April 17, with the lenders unable to find a buyer for the airline.
Jet’s shares took the skies on Tuesday following the Hinduja moves, rising 15 per cent to Rs 150.75 on the BSE, their best since January.
“Hinduja Group is evaluating the Jet Airways opportunity,” the group said in a statement on Tuesday.
While the SBI-led lenders’ consortium is still working on ways to revive the airline, the civil aviation ministry has awarded the carrier’s slots at various airports to other airlines on a temporary basis.
