The Adani Group is likely to bid for Jet Airways as the airline goes through a bidding process to get a new investor in April, two sources close to the development told FE. The group, with interests in logistics, energy and agriculture, made a foray into airports in February, winning all six bids for operating regional airports under the PPP mode.
The Jet Airways board had approved a management change in a board meet held on March 25, giving operational control to a bank-led interim management committee, as promoters Naresh Goyal and his wife Anita Goyal stepped down from the board with immediate effect. The lenders are to initiate the bidding process and call for expression of interest to bid for the airline by April 9. The last date for submission of bids is April 30.
While the Adanis have made an entry into the airport business by winning all six financial bids for airports at Ahmedabad, Lucknow, Jaipur, Thiruvananthapuram, Mangalore and Guwahati airports in February, they had tested the waters earlier too for investing in airlines.
