MUMBAI: Jet Airways’ top lender State Bank of India and its founder Naresh Goyal have reached out to private equity giant TPG Capital and US carrier Delta Air Lines to explore the possibility of a stake purchase in the beleaguered airline.
Two people in the know said that while SBINSE -0.49 % has begun exploratory talks with TPG, Goyal has reached out to Jet’s commercial partner Delta.
A senior bank official confirmed that TPG has been sounded out but cautioned that talks are very preliminary in nature and the real picture will emerge only after the bank asks for expressions of interest (EoIs) early next month.
