Jet Airways revival: Hinduja Group may start bidding for crisis-hit airline this week; to meet with Etihad Airways on 23 May
Last week, there were reports that lenders to Jet Airways and Etihad Airways had reportedly reached out to Hinduja Group offering a stake in the grounded airline
Jet Airways revival: Lenders may initiate fresh talks with NIIF soon; reach out to Hinduja group offering stake in airline
This move is a major step towards reviving Jet Airways, which suspended its entire operations on 17 April due to acute liquidity crunch, the report said.
Jet Airways revival: Lenders plan to approach unsolicited bidders after Etihad Airways' non-binding offer
The fund offer from Etihad Airways is not sufficient to overcome the liquidity crunch in Jet Airways as its total liabilities are reportedly about Rs 15,000 crore now.
Jet Airways approaches airlines, e-commerce firms seeking jobs for the staff as uncertainty over its fate continues
The Jet Airways management is reportedly creating a database of the employee profiles and sharing them with prospective companies, said the report quoting several persons in the know of the matter.