MUMBAI: The Tata Group plans to bid for some assets of Jet Airways as it undergoes bankruptcy resolution, said people with knowledge of the matter. The focus for the Tata Group will be assets it can use to scale up and tap the gap created by the exit of Jet, officials said.“We were reluctant when it was on the books of the company. “There is no value in buying the company anyway.”The Tata Group had withdrawn from talks for a possible acquisition in November 2018. The board of group holding company Tata Sons advised caution due to worries over the Naresh Goyal promoted airline’s liabilities and ownership. It has approvals to start international operations to Singapore, Bangkok and Dubai.

Source: Economic Times July 01, 2019 01:18 UTC