Reviving Jet Airways: Hindujas, Etihad, AdiGro to meet to explore options

With the Hinduja Group signaling its interest in Jet Airways, efforts are on to form a consortium between it, Jet’s minority partner Etihad and UK-based Adi Partners, which had earlier put in an unsolicited bid for the grounded carrier. Such a consortium has the support of Jet’s founder-chairman, Naresh Goyal.
Sources said that the three parties — Hindujas, Etihad, and Adi Group — are meeting in Abu Dhabi on Thursday to discuss the details of such a consortium, who will bring in how much money and hold what percentage of stake. Representatives of the lenders, who are led by the State Bank of India, are also scheduled to attend the meeting.

So far, Etihad is the only party to have put in a formal letter of interest with SBI Caps, which is managing the sale process of Jet Airways on behalf of the lenders.