Tatas Not OK With Goyal In Jet Airways Cockpit, Wants Complete Control Over The Airline


The Tata Group wants complete control over Jet Airways along with the exit of existing promoters, the Goyal family, and has rejected an initial proposal for part-ownership and joint control of the airline.

People close to the talks said the Tata Group has made it clear to Jet representatives that it is interested in an outright purchase either of the entire company or its assets such as aircraft and other aviation-related infrastructure.

It will not, however, be interested in a deal where the Goyals, who currently own 51 per cent of Jet, retain significant control. The Times of India had reported on Thursday that the Tata Group and Jet Airways were in initial talks for a stake sale. Read more

You may also read!

Lenders trying to revive Jet Airways by management change: Source

Lenders led by the SBI  are trying to revive debt-laden Jet Airways  by change in management as they feel

Read More...

Defence Ministry chalks out guidelines for selection of shipyards for warship, submarine building projects

 The ministry of defence on Wednesday cleared fresh policy guidelines for selection of shipyards for major warship and submarine building projects

Read More...

Air Commodore Pathania takes over chief of IAF station Jammu

Air Commodore Ajay Singh Pathania, known for his instrumental role in humanitarian assistance and disaster relief helicopter operations, Wednesday

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu