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| PMO nudging Tata group to bail out Jet Airways: Sources | | | Agencies
New Delhi: Amidst reports that debt-laden Jet Airways is nearing a rescue deal with Indian conglomerate Tata Sons Ltd, sources have told Zee media that the PMO is nudging the Tatas to bail out the second largest Indian airlines by market share.
Sources said that the PMO is trying to ensure that the uncertainty in the aviation market is reduced to a certain extent by asking the Tata group to explore buying the struggling airline.
Sources also added that the PMO is trying to pave way for a deal which may include the lenders and other stakeholders of the cricis-laden airline taking a haircut. Furthermore, the Airport Authority of India (AAI) may also forgo its liability towards the struggling airline. |
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