Tatas in talks to pick up stake in Jet Airways

The Naresh Goyal-founded Jet, which has delayed salaries to pilots and is staring at default on payments, has sought an equity collaboration. But Tata Sons, the parent of the $103 billion business behemoth, has sought management control. Tata has two aviation joint ventures--one with Singapore Airlines operating Vistara, and a second one with budget airline Air Asia.