financetom
Business
financetom
/
Business
/
Hinduja group still keen on buying Jet Airways, says report
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Hinduja group still keen on buying Jet Airways, says report
Dec 23, 2019 1:38 AM

The Hinduja group is still open to acquiring defunct Jet Airways, reported Live Mint. The London-based group, the report said, will go forward with the acquisition plan if given protection from legal liabilities.

“The reason we took interest was because government authorities approached us to help in the survival of Jet. Even the banks approached us… With our good relations and contacts in the Middle East and Gulf, we took the initiative to support and help," Gopichand P. Hinduja, co-chairman of the London-based group, was quoted as saying in the report.

The development comes after the group had earlier abandoned its plans to resurrect Jet Airways despite the initial interest. This decision, Ashok Hinduja, chairman of the group’s India operations told media was because National Company Law Tribunal (NCLT) wasn’t giving Hinduja’s protection from past problems of the carrier.

The renewed interest of the Hinduja Group towards Jet could stir the scene as currently only Synergy Group, controlled and co-founded by 69-year-old Bolivian-born billionaire Germán Efromovich has bid for the now-defunct carrier.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved