India's Jet Airways in talks with Boeing, Airbus for $12 bln order - BloombergQuint

Jet Airways (India)

02/12/2021 08:03

BENGALURU, Dec 2 (Reuters) - India's Jet Airways  JET.NS  is
in talks with planemakers Boeing Co  BA.N  and Airbus SE
 AIR.PA  for an order worth $12 billion, BloombergQuint reported
on Thursday, citing Bloomberg News.
    The airline's new owners, UAE-based businessman Murari Lal
Jalan and UK investment firm Kalrock Capital, told Bloomberg
News that Jet could buy at least 100 narrowbody aircraft,
BloombergQuint said on Twitter https://bit.ly/3lta9pA.
    The group is set to invest about $200 million through equity
and debt in Jet over the next six months, BloombergQuint said.
    Jet, Boeing and Airbus did not immediately respond to
requests for comment from Reuters. 
    The Jalan-Kalrock consortium's resolution plan for Jet was
approved by India's bankruptcy court in June, with the airline
poised for takeoff by the first quarter of 2022 as it gears up
to resume domestic operations.  urn:newsml:reuters.com:*:nL4N2QF18P
    The debt-laden airline, once India's biggest private
carrier, stopped flying in April 2019 after running out of cash,
leaving thousands without jobs. 
    Shares of the airline jumped as much as 3.7% to 85 rupees on
Thursday and were trading 2.4% higher at 0740 GMT.
    The news on Jet comes a month after billionaire investor
Rakesh Jhunjhunwala-backed low cost Indian carrier Akasa Air
placed a $9 billion order for 72 Boeing 737 MAX jets.
 urn:newsml:reuters.com:*:nL4N2S72VG 
     
    

 (Reporting by Shivani Singh in Bengaluru; Editing by Devika
Syamnath)
 ((ShivaniSingh1@thomsonreuters.com; +91 89 6969 2349))