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India's Jet interested in bmi majority stake

Business Materials 21 January 2008 06:44 (UTC +04:00)

( Reuters ) - India's Jet Airways, the country's top private carrier, has approached unlisted airline bmi BMID.UL majority shareholder and chairman Sir Michael Bishop about the sale of his stake, the Sunday Telegraph reported.

Jet expressed its interest before Christmas in conjunction with a Middle-Eastern airline, believed to be Emirates, the report said, without naming its source.

The approach to Bishop, who owns 50 percent plus one share in the private company part-owned by Lufthansa and SAS , was made through a third party and no formal meetings have taken place, the article said.

Both Virgin and British Airways have previously expressed an interest in buying the stake, the paper said.

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