Hits and misses: The US private equity firm has a mixed record. : TPG Capital has been an aggressive player in the aviation sector, frequently partnering with airlines and bidding for opportunities. However, it has had a mixed record on its investments and operations in airlines globally. Hence, though it does not come as a surprise that the US private equity (PE) fund has submitted an expression of interest (EoI) to buy Jet Airways, the question is whether it will make the cut or not.