INSUBCONTINENT EXCLUSIVE:
MUMBAI | NEW DELHI: Private equity players TPG, Indigo Partners and the government-anchored National Investment and Infrastructure Fund
(NIIF) are teaming up to submit an expression of interest (EoI) for Jet Airways, said multiple sources, even as lenders explore an
approached Delta Air Lines and Air France-KLM to gauge their interest
One of the sources said teams from the two foreign airline companies are in India, though it could not be independently verified if they
Sources in the civil aviation ministry said they were unaware of the global airlines being approached.
State Bank of India, the lead lender
But sources said that would be possible only after the airline itself is stabilised.
The SBI-led consortium of lenders on Thursday asked
industry veteran and former CEO of Jet, and Rangesh Embar met SBI officials on Thursday
The meeting set off renewed speculation that the Abu Dhabi-based carrier, which holds 12% in the troubled Indian carrier, may also throw in
However, Etihad has sought an exemption from making an open offer to Jet shareholders, which the stock market regulator has not yet agreed
to.
Sources said the Tatas and the Adani Group, which had been approached to bail out Jet, are unlikely to participate at this juncture
Mails sent to NIIF, Indigo Partners and Air France-KLM did not elicit a response till press time on Friday.
