TPG Capital seeks smooth landing amid turbulence in Jet Airways

Hits and misses: The US private equity firm has a mixed record

TPG Capital has been an aggressive player in the aviation sector, frequently partnering with airlines and bidding for opportunities. However, it has had a mixed record on its investments and operations in airlines globally.

Hence, though it does not come as a surprise that the US private equity (PE) fund has submitted an expression of interest (EoI) to buy Jet Airways, the question is whether it will make the cut or not.

Its tryst in the Indian aviation sector is not new. 

In 2007, it was reportedly in talks to pick up a 10-15 per cent stake in IndiGo, though