Jet Airways, facing its worst existential crisis in its over 25-year-old history, Friday extended suspension of its international operations till next Monday due to severe liquidity issues.
Incidentally, the stake sale bid invited by the SBI- led consortium of bankers, which manages the day-to-operations of the airline, also closes by the end of the day Friday, after being extended by two days.
Airline founder Naresh Goyal, the UAE carrier Etihad Airways, Air Canada and the country’s national investment fund among others are reported to have submitted bids, according to media reports.
