Jet Airways Tuesday said it was in active discussion with various investors to secure sustainable financing.
"We are in active discussions with various investors to secure sustainable financing to navigate through the current headwinds and create long-term growth. There is interest in our strong brand and confidence in our business turnaround efforts," Jet Airways CEO Vinay Dube said in a letter to its passengers.
There had been round of buzz that Tata Sons, the holding company of Tata Group was carrying out a due-diligence on Jet Airways.
Tata Sons in its reaction has said, "We would like to clarify that any such discussions have been preliminary and no proposal has been made."
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