Naresh Goyal-founded Jet Airways may finally be headed towards revival with Hinduja group reportedly working on an investment plan for the beleaguered airline, CNBC TV 18 reported citing sources. With this, the group will bring an investor in a joint venture partnership to take up stakes in the airline. Also, the stake sale process is expected to complete by the end of this month, CNBC TV 18 report added. The SBI-led consortium of lenders will sell up to 70% stake in the airline. Currently, four investors are in for the Jet revival plan including Etihad Airways and NIIF. Etihad Airways has a 24% stake in the grounded Jet and is likely to hold the same while the National Investment and Infrastructure Fund (NIIF) is expected to buy a 20% stake in the airline and bring in Rs 2,000 crore.
