Jet Airways brings Goldman, BCG on board in revival efforts
Jet Airways has appointed Goldman Sachs to scout for fundraising and Boston Consulting Group to help improve its operational efficiency
Mumbai: Cash-strapped Jet Airways (India) Ltd, which is seeking to raise fresh funds and boost operational efficiencies, has appointed Goldman Sachs Group and Boston Consulting Group (BCG) as advisers to achieve these goals, said two people familiar with the matter. The carrier controlled by Naresh Goyal needs to urgently raise cash to stay afloat, as a rally in jet fuel prices and a weak rupee have eroded its financial health. This is primarily because most of Jet Airways’ payments are dollar-denominated like those of other domestic carriers.