Thursday, January 16, 2020

Bankrupt Jet Airways plans to sell Netherlands biz to Dutch airline KLM

Bankrupt Indian airline Jet Airways Ltd said it had entered into a deal with Dutch airline KLM that could lead to a sale of its assets in the Netherlands.

If the deal is finalised, it will only involve a sale of part of the company's business activities and not impact the shareholding pattern, Jet said in a statement dated Jan. 16.

KLM is a part of Air France KLM.

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