You are here: Home » Companies » News
Business Standard

Tata Group in talks to buy a majority stake in Jet Airways: Report

Tata already owns two airline ventures in India - full-service carrier Vistara, in partnership with Singapore Airlines and AirAsia India, along with AirAsia Berhad

Aditi Shah | Reuters  |  New Delhi 

Tata Group is in talks to buy a majority stake in beleaguered carrier Jet Airways and its loyalty programme, television news channel CNBC-TV18 reported on Monday, citing sources. Tata Group aims to buy the 51 per cent stake in the airline owned by Jet Airways founder, Naresh Goyal, and Etihad Airways' 24 per cent stake, the channel reported. Tata said in a statement that it would not comment on speculations. Jet Airways did not respond to a request for comment. Shares in Jet Airways surged on the news report, closing up 10 per cent on Monday. India's aviation ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, November 05 2018. 19:01 IST
RECOMMENDED FOR YOU