Blackstone may buy stake in Jet Airways loyalty arm
US private equity firm Blackstone Group is in talks to acquire a stake in the frequent-flier loyalty programme of Jet Airways, Bloomberg reported Wednesday, citing people familiar with the matter. A potential deal could value the loyalty programme, Jet Privilege Private, between INR30b and INR40b and would be dependent on Jet Airways securing adequate funding for its airline operations. The carrier and its partner Etihad Airways will remain investors in Jet Privilege even after a potential Blackstone transaction. Etihad owns 50.1% of the loyalty programme, while Jet Airways owns the rest. Earlier this week, Jet said it was considering various options on priority to meet its funding requirements but called media reports on stake sale or plans to monetise its investment in its frequent flier programme as "purely speculative". <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-08-16/eap/blackstone-may-buy-stake-in-jet-airways-loyalty-arm
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Blackstone may buy stake in Jet Airways loyalty arm
US private equity firm Blackstone Group is in talks to acquire a stake in the frequent-flier loyalty programme of Jet Airways, Bloomberg reported Wednesday, citing people familiar with the matter. A potential deal could value the loyalty programme, Jet Privilege Private, between INR30b and INR40b and would be dependent on Jet Airways securing adequate funding for its airline operations. The carrier and its partner Etihad Airways will remain investors in Jet Privilege even after a potential Blackstone transaction. Etihad owns 50.1% of the loyalty programme, while Jet Airways owns the rest. Earlier this week, Jet said it was considering various options on priority to meet its funding requirements but called media reports on stake sale or plans to monetise its investment in its frequent flier programme as "purely speculative". <br/>
