Tata Group to buy Jet Airways? Naresh Goyal led crisis hit airline needs saviour
Jet Airways has been facing a financial crunch amid rising oil prices and a depreciating rupee. In a bid to revive itself, Jet said in August it will inject funds and cut costs to turn around the business, without elaborating further.
Tata Group has held preliminary discussions to buy a large stake in debt-laden Naresh Goyal led Jet Airways (India) Ltd, it was revealed on Thursday. Image source: Reuters