Hindju Group shows interest in Jet Airways

Indian conglomerate Hindju Group has confirmed that it is evaluating a potential investment in defunct carrier Jet Airways, as most of its fleet continues to be repossessed by lessors and banks. Hindju said that it is “evaluating the Jet Airways opportunity” but did not provide any other detail or commentary. Some reports claim that the conglomerate has been in discussions with Jet’s founder and former chairman, Naresh Goyal, and Etihad, but the Indian company did not address those reports. The company is the parent of some major Indian brands, including Ashok Leyland, Gulf Oil and IndusInd Bank, among other companies. It now appears that SBI Capital Markets, which is running the sale process, is accepting a wide range of proposals in hopes that it can be sold to a new investor that is willing to revive the airline. <br/>