Evaluating Jet Airways opportunity, says Hinduja Group

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Jet Airways became the first domestic airline to go into bankruptcy. Representative image. Photo/PTI.

Diversified Hinduja Group is evaluating opportunity to invest in Jet Airways, which has been grounded for more than a month now.

Lenders to the full service carrier, which temporarily shuttered operations on April 17 as it ran out of cash, is looking for possible suitors. While the SBI-led lenders consortium is still working on ways to revive the once-storied Jet Airways, the civil aviation ministry has already awarded the carriers slots at various airports to other airlines on a temporary basis.

“Hinduja Group is evaluating the Jet Airways opportunity,” the group said in a statement on Tuesday. The group has interests in automotive, information technology, infrastructure project, power, real estate, healthcare and other areas. It employs more than 1,50,000 people, as per its website.

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