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BQ Exclusive: Hinduja Group Sets Tough Conditions For Deal With Jet Airways
Banks are likely to file for Jet Airways’ bankruptcy if the stake sale plans fall apart.
24 May 2019, 08:36 PM IST
The Hinduja Group, which recently threw its hat in the ring for a potential investment in Jet Airways (India) Ltd., has laid down tough conditions for any investment in the airline. The conditions, unlikely to be acceptable to Jet Airways’ bankers, mean that the future of the airline remains uncertain.The Hinduja Group is seeking an 80 percent haircut on the outstanding debt of the airline, said two people familiar with the discussio...
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