Tata Group may want some of Jet Airways’ parts after the airline’s employees decided to bid

The Tatas could bid for Jet’s bilateral rights and aircraft. The interest from the conglomerate has come days after Jet Airways’ employees and a UK investor decided to bid for the company. However, each of these bidders want different things. While Sanjay Vishwanathan-led AdiGroup and a Jet’s employee consortium probably want the airline to fly again, the Tatas, who have their own airline Vistara and also hold a majority stake in AirAsia, want to take over some of its assets. The Tata group had tried to take over the company last year, but the talks fell through in November last year. Ever since the airline went in for bankruptcy, the group’s view on it has changed. “There is no value in buying the company now anyway,” an official said. <br/>
MSN
https://www.msn.com/en-in/news/other/the-dollar10-trillion-tata-group-may-want-some-of-jet-airways-parts-after-the-airlines-employees-decided-to-bid/ar-AADGup1
7/2/19