MUMBAI: As many as five companies are said to have submitted expressions of interest (Eo-Is) in picking up stakes in Jet AirwaysNSE -3.65 % that have been put on sale by lenders as part of a rescue plan, said two people aware of the matter. However, the lenders have extended the Wednesday deadline by two days, in the hope that Etihad Airways, which hasn’t submitted an EoI, will show interest.
ET couldn’t ascertain the names of the investors but both people cited above said the Eo-Is were either “non-serious” or lacked critical details on how the bidders will recapitalise Jet. This is the first stage of the bidding process and the EoIs are non-binding.
