Jet Airways is in talks with planemakers Boeing Co and Airbus SE

Published On: Thursday, December 2, 2021 | By: Team KnowMyStock

India's Jet Airways is in talks with planemakers Boeing Co and Airbus SE for an order worth $12 billion,.The new owners of the airlines – United Arab Emirates-based businessman Murari Lal Jalan and United Kingdom-based investment firm Kalrock Capital have told that Jet is planning to buy at least 100 narrow-body aircraft.The group is set to invest about $200 million through equity and debt in Jet over the next six months, BloombergQuint said.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.Shares of the airline jumped as much as 3.7% to 85 rupees on Thursday and were trading 2.4% higher.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.

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