MUMBAI : The Hinduja Group is preparing a bid to buy grounded carrier Jet Airways India Ltd., according to people familiar with the matter. Creditors are seeking fresh bids for Jet Airways after earlier getting interest from only a single company, Synergy Group Corp. Hinduja Group had earlier this year considered bidding for Jet Airways in partnership with Etihad, but Etihad jettisoned the proposal and Jet Airways was tipped into bankruptcy. Deliberations are at early stage and Hinduja Group may decide against bidding, or other bidders may emerge, the people said. The Hinduja Group didn’t respond to questions sent by email.

Source: Mint December 30, 2019 14:25 UTC