Blackstone may buy stake in Jet Airways loyalty arm at Rs 30-40 bn: Report

US private equity firm Blackstone Group LP is in talks to acquire a stake in the frequent-flier loyalty programme of Jet Airways (India) Ltd, Bloomberg reported on Wednesday, citing people familiar with the matter. A potential deal could value the loyalty programme, Jet Privilege Private Ltd, between Rs 30 billion and Rs 40 billion ($429.

1 million-$572.1 million) and would be dependant on Jet Airways securing adequate funding for its airline operations, Bloomberg said. The Indian carrier and its partner Etihad Airways will remain.....

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