Tata Sons is reportedly mulling investment in cash-strapped Jet Airways (JAI, Mumbai International), although the process is at a very early stage, Business Standard has written.

The Indian conglomerate already owns 51% of another full-service carrier Vistara (UK, Delhi International), as well as 49% in a low-cost carrier AirAsia India (Bangalore International).

Neither of the parties confirmed the talks.

Separately, Jet Airways extended an offer to its cabin crew members, allowing them to take 50 days of unpaid leave between November 1 and December 20. The airline is currently overstaffed; by offering unpaid leaves it allowed staff members to keep their jobs while at the same time temporarily cutting down salary expenses.

Jet Airways is currently urgently looking for more investors to inject more cash. Earlier this summer, the carrier was reported as having enough cash only to survive another two months. As of June 2018, Jet Airways has a gross debt of INR86.2 billion rupees (USD1.2 billion), while its accumulated losses stood at INR108.8 billion rupees (USD1.5 billion).

The carrier's 24% owner, Etihad Airways, agreed to provide it with a USD35 million capital injection in September.