• Wednesday, May 18, 2022

Business

Tata Sons In Preliminary Talks With India’s Troubled Jet Airways

Jet Airways on Thursday (16) had rejected the media reports of its likely merger with Tata SIA Airlines and added that there was no such discussion in the company’s board (Photo: SAJJAD HUSSAIN/AFP/Getty Images).

By: Radhakrishna N S

Tata Sons Ltd, Indian conglomerate has said in a statement on Friday (16) that it is in preliminary discussions with India’s crisis-hit airline, Jet Airways and added that it has made no proposal to purchase a stake in the struggling carrier. “Over the last few days, there has been growing speculation in the print and electronic media about Tata’s interest in Jet Airways. We would like to clarify that any such discussions have been preliminary and no proposal has been made”, Tata Sons said in a statement. Jet Airways on Thursday (15) had rejected the media reports of its likely…

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