Budget 2023Budget 2023


  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now
Budget 2023
Budget 2023

Why Tata Sons may be best for Jet Airways as lenders scout for a 'long-term investor'

Though the preliminary talks between the Tatas and Jet Airways didn't make much headway last year, now is the opportune time to take it ahead

July 05, 2019 / 06:52 AM IST
  • bselive
  • nselive
Todays L/H

In November 2018, when Tata Sons Chairman N Chandrasekaran presented the board a proposal to buy into Jet Airways, he was cautioned not to rush into a deal.

Coming just a week after the holding company of the Tata Group had released a statement accepting that it was in 'preliminary talks' for a deal, the caution felt like a suggestion to keep away. The Tatas were not keen to board the flight as long as it had Naresh Goyal, its founder Chairman.

In the next few weeks, Tata Group seemed to have lost interest in buying the distressed airline and attention shifted to Jet Airways' attempt to raise money from partner Etihad Airways.

But in less than four months, the caution may have probably resulted in the right opportunity for India's oldest conglomerate to finally make the decisive moment in achieving its aviation dreams.