Investor group to consider Jet Airways rescue plan

India’s airline market remains in a state of flux as a group of potential investors considers what could be the last practical alternative for a revival of Jet Airways. The investors are reportedly preparing to hold meetings with a coalition of Jet creditors to discuss the viability of recapitalising the grounded airline. Some of the investors have been previously linked to efforts to bailout the airline, but their plans have become more credible as they have joined forces. The potential investment group includes Etihad Airways, the Hinduja Group, former Jet chairman Naresh Goyal and AdiGro Aviation, according to local media reports. Etihad and Goyal already own significant stakes in Jet. The coalition of bank creditors may also hold a stake. Etihad has said it is prepared to be a minority stakeholder in Jet as long as other investors can be found. <br/>