The Hinduja group is likely to put a formal bid for crisis-ridden Jet Airways as early as this week, sources said. Ongoing discussions between the Hinduja group, Etihad Airways and lenders to Jet Airways gathered steam after June 20, when the National Company Law Tribunal (NCLT) had passed an order, initiating insolvency proceedings against the grounded airline.
“Discussions have been fast-tracked with the insolvency plea being filed. We had been working with an internal deadline of mid-July to finalise the details, but a formal bid could be submitted to the interim resolution professional this week itself,” said a source.
