Bidding for Jet Airways stake sale to begin on Apríl 8

This comes even as the bidding for bringing in a new investor has been delayed to April 8. Lenders had earlier said that the expression of interests would be received starting April 6 until April 9. However, the lenders wanted to get clarity on the recent ruling by the Supreme Court on debt resolution.

The delay in getting fresh funding is impacting the airline operations. The debt-strapped airline informed its flyers that, “Effective April 1, our free in-flight entertainment service, JetScreen, will be temporarily unavailable on domestic and international flights.”

According to a company source, “The airline is evaluating its services, and the benefit it provides to its flyers and the airline itself. After the ongoing turbulences are over, in the future, we might want to change our model to make ancillary revenue from the services that we provide on the flight.”