Bidding process for Jet Airways likely to begin from 8 April

MUMBAI: The bidding process for stake sale in the cash-starved Jet Airways is likely to commence from Monday as the bid document is still to be given a final shape, a source said.

The SBI-led consortium of 26 lenders, which now has the management control of the full-service carrier under a debt-recast plan, last Thursday said bid for the stake sale in Jet Airways airline would be issued on 6 April.

“The expression of interest (EoI) for stake sale in Jet Airways will now be issued Monday (April 8),” said the source.