Jet Airways to retain stake in Jet Privilege: Report

Debt-laden Jet Airways has said that it has no plans to exit the Jet Privilege program even if it receives massive business offers. A report by Livemint said that Jet is reluctant to completely exit Jet Privilege as a large part of their income is derived from redeeming of Privilege miles. Jet is seeking to sell a portion of its 49.9 per cent stake in Jet Privilege but will keep major stake after any deal.