Hinduja group keen on buying Jet Airways, says report

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The Hinduja group is still open to acquiring defunct Jet Airways, reported Live Mint. The London-based group, the report said, will go forward with the acquisition plan if given protection from legal liabilities.

“The reason the Hinduja group took an interest in was that government authorities approached us to help in the survival of Jet Airways. Even the banks approached us… With our good relations and contacts in the Middle East and Gulf, we took the initiative to support and help,” Gopichand P. Hinduja, Co-Chairman, Hinduja group, was quoted as saying in the report.

The development comes after the group had earlier abandoned its plans to resurrect Jet Airways despite the initial interest. This decision, Ashok Hinduja, chairman of the Hinduja Group India operations told media was because National Company Law Tribunal (NCLT) wasn’t giving Hinduja’s protection from past problems of the carrier.

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Manish Khandelwal
Manish Khandelwal

Manish Khandelwal, a travel-tech enthusiast with over a decade of experience in the travel industry. Founder and Editor-in-Chief of Travelobiz.com, he's passionate about writing.

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