Private equity firm TPG Capital is considering investing in India’s Jet Airways Ltd (JET.NS) but is not close to finalizing a deal, two sources with knowledge of the matter said, a plan that could raise money for the beleaguered airline.

The investment could be more than $100 million but discussions are at an early stage and the size of the stake and the investment are not clear yet, the sources said.

TPG declined to comment. Jet Airways did not respond to an email seeking comment.

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