Hinduja group looks at reviving Jet Airways

Indian conglomerate Hinduja Group is expected to place a bid for Jet Airways which is currently in debt of over Rs 11,000 crore,, backed by Etihad Airways - a minority shareholder and founder Naresh Goyal.

The meeting has been scheduled at the corporate headquarters of Etihad Airways in Abu Dhabi on May 23 with Etihad Airways and leaders from SBI.

It could be the last attempt by SBI to rescue the grounded airline.

In the past, many Indian conglomerates including Tata Group showed interest in reviving the airline initially but decided against it.