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Meet the new kid in town who wants to buy Jet Airways

Niharika Sharma
Meet the new kid in town who wants to buy Jet Airways

An unfamiliar name has come centre stage in relation to the Jet Airways aviation fiasco. On April 24, India’s oldest private airline said it had received an “unsolicited email” from a British entrepreneur who wanted to buy out the cash-strapped business. “The sender has been advised to formally engage with SBI Caps Limited, who are leading the bidding process under resolution plan initiated by consortium of domestic lenders led by State Bank of India (SBI),” Jet Airways said in a filing to BSE.