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Delta and Air Canada among suitors for India's troubled Jet Airways

Carrier grounds all international flights as bidders and bankers brace for talks

Jet Airways is flying only 12 planes, down from 119 at its peak.   © Reuters

MUMBAI -- India's Jet Airways is drawing acquisition interest from several foreign airlines and private equity firms, as the lure of access to one of the world's largest aviation markets outweighs financial trouble that forced Jet to ground all international flights this week.

Air Canada, Delta Air Lines and TPG Capital are among the participants in a bidding round that was extended two days, to Friday, as some companies sought more time and clarification, according to sources familiar with the process. Other parties that have reportedly shown interest include Indigo Partners and the Indian government-run National Investment and Infrastructure Fund.

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