Fresh Hopes of Survival for Jet Airways as Hinduja-Etihad Look Set to Join the List of Bidders

Fresh Hopes of Survival for Jet Airways as Hinduja-Etihad Look Set to Join the List of Bidders
Share it ...



– A consortium of Hinduja Group and Etihad Airways is likely to re-enter the race to acquire stake in the bankrupt airline

– The process will take place through the National Company Law Tribunal (NCLT)

– Hinduja Group and Etihad Airways are set to bid together for Jet Airways under the Insolvency and Bankruptcy Code (IBC)

– The report added that the Tata Group is also exploring the possibility of a potential bid, but hasn’t taken a final decision yet

– Qatar Airways is also in exploratory mode and may join the fray if it finds a suitable domestic partner, the sources said

– Earlier in the day, Jet Airways employees and London-based investor Adi Partners LLP said they will jointly bid for a 75% stake in the debt-laden airline

Subscribe our channel for latest news updates:
https://www.youtube.com/user/ibnlive?sub_confirmation=1

#GetCloserToTheNews with latest headlines on politics, sports and entertainment on www.news18.com

To stay updated on-the-go, download the News18 App:
· Google Play Store: http://bit.ly/2VcRTRc
· Apple App Store: https://apple.co/2JceAmY

Follow us for latest news, photos & videos:
· Facebook: http://bit.ly/2vOO22u
· Twitter: http://bit.ly/2HdNKch
· Instagram: http://bit.ly/2PRgfiz

CNN-News18 is India’s most awarded English News Channel, and is one of the most respected and dynamic media brands in the country today. CNN-News18 has in a short time, redefined the limits and has set new standards for journalism in Indian news television through its differentiated programming and philosophy of inclusive journalism the spirit of ‘Whatever It Takes’. CNN-News18 continues to be India’s window to the world and world’s window into India. CNN-News18 has been awarded all the prestigious awards in the General News category in the country.

source