India's oldest private airline Jet Airways will consider bidding for Air India "I think we need clarity on what the government's position is. The airline's debt at the end of March 2017 stood at Rs12,800crore.As such, the key question is how Jet will manage the resources to fund an Air India buyout. said New York-based former CEO of Jet Airways Steve Forte. "Indeed in 1997, when the government suddenly changed foreign-airline investment rules, Goyal swiftly bought out Gulf Air and Kuwait Airways' 40% stake in Jet Airways. Goyal can again lean on international or local partnerships to bid for Air India.

Source: Economic Times March 28, 2018 02:03 UTC