Jet Airways lenders give third extension for EoI to August 31

The lenders to the defunct Jet Airways Monday for the third time extended the deadline for submission of expressions of interest for stake sale in the bankrupt airline to August 31 after a new bidder showed interest post-August 10 deadline. After the second deadline on August 10, there were three bids, but one opted out while the another one did not qualify, leaving just one in the race. The decision to extend the deadline for EoIs was taken by the lenders at a meeting of committee of creditors held in the financial capital.

“The lenders have decided to extend deadline to submit EoIs till August 31,” a banker told PTI. The bidders in the second round included the energy baron Anil Agarwal’s family trust-backed Volcan Investments, Russian Fund Treasury RA Partners and the Panama-based investment firm Avantulo Group.