Jet Airways gets two suitors as EoI deadline ends, Hindujas back out
South America-based Synergy Group and Delhi-based Prudent ARC have submitted expressions of interest (EoIs) for the revival of Jet Airways. The deadline for the submission of EoIs ended on Wednesday.
Sources said the Hinduja Group had explored investing in the beleaguered airline, but backed out later because it found no value. A Dubai-based fund, too, had evinced interest in investing in the grounded airline, but did not submit an offer.
This is the second time that the lenders to Jet called for EoIs. The first round of bidding did not result in any resolution plan for the revival of the airline. The lenders gave ample time to prospective suitors by extending the deadline time and again.
