Jet Airways is facing liquidity problems and has delayed payments to employees and vendors
It is something of a twist of fate that none other than Tata and its joint venture partner Singapore Airlines (SIA) will together take over the troubled Jet Airways
Tata Sons called discussions over buying a stake in the beleaguered carrier 'preliminary'
One option would be for Tata to swap its position in the struggling AirAsia India for a stake in Jet
Shares of Jet Airways on Thursday ended 24.5 per cent higher amid reports Tata Sons will acquire a controlling stake in the cash-strapped airline.
Aviation experts point out that the entire game plan of Tata-SIA was to be the king of the international skies and to synergise their domestic operations to meet that need
Tata Sons board meet to discuss the proposal today, Jet brand may be phased out
Jet Airways said it was unable to comment on the reasons for the increase in its share price
Tata Sons in talks with government about potential haircut to state-run banks on Jet's loans
Tata-Singapore Airlines is looking at an all-stock merger with Jet Airways as part of the Tata group's plans to board Naresh Goyal's full-service carrier
The stock rallied 30% to Rs 335 on BSE in the intra-day trade, its sharpest single day gain on reports of Tata Group is in talks to buy a controlling stake in the cash-strapped airline company.
competitive pricing and high-cost base will mean continued losses in the short term
A section of media has reported that Tata group is conducting due diligence of Jet Airways to buy the full-service carrier
Saurabh Agarwal, chief financial officer of Tata Sons, is leading the discussions
Fuel expenses jumped 58.6 per cent to Rs 24.20 billion, while revenue from operations climbed 9.5 per cent
Ailing airline likely to report third consecutive quarterly loss
Mehta was also a member of the airline's audit committee and his resignation comes three days before the finalisation of the company's second-quarter results
Mehta has submitted his resignation as an independent director with effect from November 9
Currently, Jet Airways and SpiceJet fly Boeing 737 MAX planes in India. Together, there are at least six such aircraft with the two carriers
The Tata group is also said to be evaluating how it would turn around the airline in an event of acquisition while group sources are calling discussions between the two as exploratory