Jet Airways opts out of Air India disinvestment process

Jet Airways today said it would not be participating in the Air India disinvestment process, becoming the second domestic airline after IndiGo to make such a decision in less than a week.  The ambitious strategic stake sale of loss-making Air India as well as its two subsidiaries seem to be hitting air pockets with the two potential bidders deciding to keep away citing the contours of the process.  Kicking off the disinvestment process, the government has come out with a detailed preliminary inf...