Letter to BS: Jet Airways may continue to become less and less valuable

The only aberration may arise from the National Investment and Infrastructure Fund submitting a higher bid in a misconceived "altruistic and national interest"

Apropos your front page lead report, “TPG Capital, Etihad, NIIF likely to bid for cash-strapped Jet Airways” (April 9); it is good news that several entities are likely to bid for the ailing airline. But let’s make no mistake, TPG and Etihad will both bid really low prices — on which they hope to acquire a viable asset. The fact that Etihad earlier wanted to sell its stake, and is now expected to bid, clearly shows they are hoping for a bargain purchase. I don’t blame them. Why should they pay a rupee more than what is the real worth