Tatas eye stake in Jet Airways: Here's why the deal may not fructify

Tata Group is reportedly looking for a significant stake in Jet Airways

Tata Group has held preliminary talks for a stake purchase in Jet Airways, which would give struggling Mumbai-based airline a lifeline.

However, the discussions have not made much headway with management control of Jet being a sticking point, it is learnt.

Jet Airways is facing a cash crunch, resulting in salary delays and grounding of planes. It has been looking to raise funds through stake sale in its loyalty programme and fresh issue of shares in the company.

Discussions have been held with private equity firms Blackstone and TPG and also with Etihad Airways, which owns 24 per cent stake