Investors are already miffed over the government’s move to re-allocate its slots at various domestic airports.
Category: Hospitality, Travel & Tourism
Not just did Etihad Airways invest money in Jet Airways in 2013, they also bought out 50.1 percent of the JetPrivilege frequent flyer programme.
British entrepreneur Jason Unsworth and Adi Gro aviation are also understood to have put in unsolicited bids.
It was earlier reported that soon after the government began allocating the airlines’ slots and planes to its rivals, potential bidders began to question any investment into Jet Airways.
The probe threatens to intensify woes for Jet Airways, which suspended services on 17 April amid a cash crunch and over $1 billion in debt.
The RoC investigation was initiated last August after the company deferred its first-quarter FY19 results the same month.
With @Leisure Group’s portfolio, Oyo will now be present in over 800 cities across 24 countries, including the US, India, China, Malaysia, Nepal, the UAE, Indonesia and Japan.
The company, which has around 20,000 employees, has not paid salaries since January.
The plea, filed by activist Bejon Kumar Misra, said the sudden suspension of air services of Jet Airways has resulted in a major crisis for the passengers who were not informed about it earlier.