Jet Airways gets bids from two entities

Jet Airways (India) Ltd has received resolution plans from two of the four potential bidders that were shortlisted to revive the bankrupt airline, a person with direct knowledge of the matter said.

A bid was received from a consortium comprising UK-based Kalrock Capital and UAE-based entrepreneur Murari Lal Jalan, the person said, requesting anonymity. A consortium of Haryana-based Flight Simulation Technique Centre, Mumbai-based Big Charter and Abu Dhabi’s Imperial Capital Investments LLC also submitted an offer, the person added.

Bidders had until 21 July to submit their offers.

Grant Thornton India’s Ashish Chhawchharia, the resolution professional appointed by lenders to Jet Airways, will now place the offers before the committee of creditors (CoC) of the airline, said the person cited above.