Crisis-ridden Jet Airways has tapped investment bank Moelis & Co to manage the stake sale in its loyalty program JetPrivilege.
The decision comes in the midst of an economic downturn for the company. The airline is already in advanced discussions with private equity companies TPG Capital and Blackstone for the sale and will choose one of them shortly.
The airline hasn’t disclosed a valuation for its loyalty program but to potential investors it has cited a report by global independent consultant On Point, which....