Lenders to Jet Airways said on Thursday that they have decided, the best way forward for the survival of Jet Airways is to get the binding bids from potential investors.
“The lenders after due deliberations decided that the best way forward for the survival of Jet Airways is to get the binding bids from potential investors who have expressed expression of interest (EOI) and have been issued bid documents on April 16,” a statement from the consortium of bankers said.
The statement added that lenders are “reasonably hopeful” that the bid process is likely to be successful in determining fair value of the enterprise in a transparent manner.
