Business Standard

Suitors for Jet Airways hunt for partners; Naresh Goyal may join race

ADIA, Temasek, Blackstone, TPG sounded out on a joint bid

Naresh Goyal
Premium

Naresh Goyal, who still holds a 25 per cent stake in Jet, is considering looking for a partner as he is allowed to bid for the airline

Surajeet Das Gupta New Delhi
Leading sovereign and government-backed funds such as the Abu Dhabi Investment Authority (ADIA) and Singapore-based Temasek Holdings as well as private equity funds like Blackstone and TPG have been sounded out by potential strategic investors on whether they are open to a joint bid for debt-ridden Jet Airways.

While the auction process is in a preliminary stage, sources in the know say Naresh Goyal, who still holds 25 per cent in Jet, is considering looking for a partner as he is allowed to bid. The ADIA as well as Etihad Aviation Group, which controls Etihad Airways, is  government-owned and a possibility

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 29 2019 | 1:27 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com