Jet Airways' lenders give third extension for EoI to August 31

27 Aug 2019 Evaluate

The lenders to Jet Airways for the third time have extended the deadline for submission of expressions of interest (EoI) for stake sale in the bankrupt airline to August 31 after a new bidder showed interest post-August 10 deadline. After the second deadline on August 10, there were three bids, but one opted out while another one did not qualify, leaving just one in the race. The decision to extend the deadline for EoIs was taken by the lenders at a meeting of committee of creditors held in the financial capital.

Jet Airways (India) is India’s premier international airline, which operates flights to India and overseas. The company’s robust domestic India network spans the length and breadth of the country covering metro cities, state capitals and emerging destinations.

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