MUMBAI: The Tata group may revive an attempt to buy Jet Airways (India) Ltd if lenders to the grounded airline fail to find a buyer and are forced to drag the carrier to a bankruptcy court, said two people familiar with the discussions at India’s largest conglomerate.
Last year, the Tata group withdrew from talks to buy the ailing airline once it became clear that Jet Airways founder Naresh Goyal was unwilling to cede control and had opened parallel negotiations with existing investor Etihad Airways PJSC of Abu Dhabi for a potential equity infusion. As part of its initial interest, the Tata group had inspected the books and assets of Jet Airways last November.
