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Deals Rumor Mill: Blackstone, Pátria, Cerberus

By Adam Rhodes (August 15, 2018, 7:04 PM EDT) -- Private equity giant Blackstone is discussing a deal to buy part of Indian airline Jet Airways' loyalty program, Bloomberg reported early Wednesday. According to the report, the deal could value the program at between 30 billion rupees ($424.5 million) and 40 billion rupees, though one of the outlet's sources said the ailing Indian airline wants a better value. The outlet's sources cautioned that other buyers could bid for a stake in the program, adding that no deal is certain. The cash-strapped airline, Bloomberg reported, has to refinance $400 million in debt and needs upward of $500 million in cash as soon as possible to keep its business alive....

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