Traffic travels along a road past Jet Airways India Ltd. aircraft sitting on the tarmac at Chhatrapati Shivaji Maharaj International Airport in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Evaluating Jet Airways Opportunity, Says Hinduja Group

The Hinduja Group said today it's evaluating the opportunity to invest in Jet Airways (India) Ltd., which has been grounded for over a month now.

Lenders to the full-service carrier, which shuttered operations on April 17 as it ran out of cash, is looking for possible suitors.

While the State Bank of India-led lender consortium is working on reviving the once-storied airline, the civil aviation ministry has already awarded its slots at various airports to other airlines on a temporary basis.

Also read: Will Create Transparent Procedure To Allocate Jet Airways’ Flying Rights To Others, Says Kharola

The group, which has interests in automotive, information technology, infrastructure project, power, real estate and healthcare, employs over 1.5 lakh people, as per its website.

Also read: SBI To Begin Fresh Search For A Majority Investor In Jet Airways