MUMBAI | NEW DELHI: Lenders to Jet AirwaysNSE -26.65 % have selected Etihad Airways, National Investment and Infrastructure Fund (NIIF), TPG Capital and Indigo Partners as qualified bidders for Jet Airways even as the distressed carrier teetered on the edge of total shutdown of operations.
In a day of dramatic developments, a key lender recalled loans and banks struggled to make headway in sanctioning emergency funds even as a consortium put together by founder Naresh Goyal withdrew from bidding for the company after other suitors threatened to walk out. Meanwhile, unpaid pilots reiterated their threat to take the airline to court.
