Bidders for India’s Jet Airways Ltd have not shown interest in following up their offers for the debt-laden airline with a few days left to submit their final bids, the Economic Times reported on Thursday.
Three of the four qualified bidders – Etihad Airways, TPG Capital and Indigo Partners – have not signed non-disclosure agreements which is necessary for conducting due diligence, the paper said.
The bidders have until May 10 to submit their offers.
Jet, once India’s largest private airline, was forced to stop all flight operations on April 17 after its banks rejected the carrier’s plea for emergency funds.
