Tata Group, TPG, Etihad Airways may bid for Jet Airways

Etihad Airways has shown interest in bidding for Jet Airways and has already approached the State Bank of India-led consortium for the same, sources told CNBC-TV18.

The Abu Dhabi-based airline may seek an additional 37 percent stake in Jet which will take its stake to 49 percent, sources said on condition of anonymity. Etihad currently has a 24 percent stake which will fall to 12 percent after lenders take up a majority stake in the airline.

Moneycontrol could not independently verify the report. American investment firm TPG is also interested in the cash-strapped airline, said the sources. It may make its bid with a partner fund. Read More

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