Mumbai: The fate of debt-laden Jet Airways India Ltd., the country’s oldest surviving private airline, could be determined as soon as a creditor-imposed deadline for takeover bids runs out on Wednesday.
Creditors led by State Bank of India (SBI) had not received any bids for as much as 75% of Jet Airways as of Tuesday, though that doesn’t mean that offers won’t come in on the final day, people familiar with the matter said, asking not to be identified discussing a private matter. Questions abound from potential bidders, including debt levels and how much of a stake will actually be available for sale, the people said.
