Lenders to Jet Airways are expecting at least 5-6 investors to submit formal bids on Wednesday, the last day for expression of interest to acquire a majority stake in the debt-laden Indian airline.
The bidding process began on Monday but so far no formal application has been made by any investor.
“Lenders are getting calls from a number of interested players that are seeking clarification on the bid conditions. Going by these calls, they are hoping to get at least 5-6 interested players on Wednesday,” said a source close to the process.
While the lenders have not officially disclosed the names of the interested players, sources said that Jet Airways’ current joint venture investor Etihad Airways has confirmed its interest in bidding for the beleaguered airline.