Abu Dhabi-based Etihad Airways and the Hinduja Group are still holding talks to hammer out a deal on their bid to acquire grounded Jet
Airways India. Lenders expect a proposal from the parties sometime next week, sources told FE. Etihad and Hinduja representatives held talks on Thursday regarding their likely investment proposal for Jet.
Although media reports on Friday suggested the talks fell through, a Hinduja Group spokesperson termed the reports “speculative”.
However, talks are nowhere close to conclusion yet and with no buyer, the lenders may consider liquidating the airline. “We will come to know of a decision sometime next week, hopefully. If in ten days, there is still no deal, we may have to consider going to the National Company Law Tribunal,” a person involved in the process said.
