India: Cash-strapped Jet Airways has no intent to exit Jet Privilege completely

India: Cash-strapped Jet Airways has no intent to exit Jet Privilege completely

Cash-strapped Jet Airways (India) Ltd has no plan to totally exit Jet Privilege Pvt. Ltd, its frequent flyer programme, even if it receives a lucrative proposal, said a person with the direct knowledge of the matter. The airline is seeking to sell only a portion of its 49.9% stake in Jet Privilege, and will keep a significant stake after any deal, said the person, requesting anonymity.

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