Bidding for Jet Airways stake sale to begin today

After discontinuing access to the lounge last month, Jet Airways may not provide in-flight entertainment services, either. The airline recently informed its passengers that it had discontinued value-added services such as lounge access from a couple of airports and in-flight entertainment.

This comes even as bidding for a stake sale aimed at bringing in a new investor has been delayed to April 8.

Lenders had earlier said that the expressions of interest would be received from April 6 to April 9. However, lenders wanted clarity on the Supreme Court’s recent ruling on debt resolution. A source close to the company said: “Etihad seems to be interested for bidding to take full control. Naresh Goyal too may bid with another player from West Asia. However, the banks are very much in favour of Etihad investing in the company.”