The lenders to Jet Airways on Monday opened the bids for the troubled airline but there was no word from them on whether they had finally found a workable bid that could yield a credible resolution plan.
In the morning, State Bank of India chairman Rajnish Kumar told a news channel that the lenders would look closely at the bid submitted by Etihad Airways, which holds a 24 per cent stake in Jet.
Reports have indicated that Etihad has submitted a non-binding bid for Jet, refused to pump in more than Rs 1,700 crore and had indicated its desire to play the role of a minority partner in any resolution plan.
