Mumbai: A bid being stitched together by pilots of the grounded Jet Airways India Ltd may get a hearing if no binding offers emerge from the four potential investors currently in the race, people with knowledge of the matter said.
Lenders led by State Bank of India have asked a group of airline employees, seeking to make a formal proposal, to wait to see who remains in the race after a Friday deadline lapses, the people said, asking not to be identified as the information is private. SBI Capital Markets Ltd, which is advising Jet Airways’s lenders, has received at least three unsolicited approaches, one of the people said.
Etihad Airways PJSC, India’s National Investment and Infrastructure Fund and private equity firms TPG Capital and Indigo Partners have been shortlisted as potential investors.
