Mumbai: Buyers looking to acquire the cash-strapped Jet Airways will have to bring in about Rs 4,500 crore to keep the airline flying.
The State Bank of India (SBI), leader of the group of 26 lenders, will next month invite expression of interest (EoI) from buyers willing to take over the airline and would finalise the investor by end-May.
According to SBI officials, there is high investor interest in the airline and the buyer will have to bring in equity of about Rs 4,500 crore to run the airline.
Lenders have decided to invite EoI by April 9 and binding bids by April 30. Jet Airways has a debt of over Rs 8,200 crore and needs to make repayments of up to Rs 1,700 crore this month.
