Hinduja Group preparing to bid for Jet Airways. IndiGo and Etihad express interest in Air India.
Swipe Right: As per reports, UK-based Hinduja Group is preparing a make a bid for grounded carrier Jet Airways and plans to submit an expression of interest by the January 15 deadline.
Creditors are seeking fresh bids for Jet Airways after earlier getting interest from only a single company, Synergy Group Corp.
Zooming Out: Hinduja Group had earlier this year considered bidding for Jet Airways in partnership with Etihad, however Etihad jettisoned the proposal, forcing Jet Airways into bankruptcy. Hindu BusinessLine
New Year Cheers?: IndiGo and Abu Dhabi-based Etihad Airways have expressed interest in bidding for national carrier Air India, as per sources. Moneycontrol
Hand-curated Business News from Top Publishers & Platforms, Richly Crafted to Fit into One Wholesome Email. Subscribe Now to receive a nuanced 360 Degree account of key events from the World of Business and Finance every day.