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.
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.