Blackstone in talks to acquire JetPrivilege

Times of India 23 April 2013
(Mumbai/Bangalore) Private equity biggie Blackstone has held preliminary talks with Jet Airways to buy a stake in the carrier’s frequent flier unit, JetPrivilege, said multiple people briefed on the matter.
Senior Jet executives met with Blackstone in Mumbai. Jet could offer up to 50% stake in JetPrivilege. But a source cited earlier said discussions were in early stages and it was premature to comment on specifics, and whether deal talks would progress. The talks follow the country’s second largest airline’s move to demerge JetPrivilege into a separate entity in order to run the business from a retail standpoint that would see its customer base grow with increased programme partners.
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