Jet Airways revival: 2 suitors now in the race to acquire airline
Naresh Goyal-founded Jet Airways could be inching towards the resolution process as two new suitors have been shortlisted to bid for the now-defunct airline. While the Resolution Professional got three EoIs on the 31 August deadline, two have been shortlisted from them — South-America based Synergy group and Russian Fund Treasury RA Creator, CNBC TV-18 cited unidentified sources as saying. Now, Synergy Group and RA Creator will be invited to submit the resolution proposals, the media channel added. The third application, which was from the Panama-based Avantulo group, did not make it to the shortlist.
Synergy Group already holds a significant stake in the Columbian Avianca Airlines and is reportedly willing to invest up to Rs 3,000 crore in the now grounded Jet Airways. However, the investment is conditional and will be taken forward only if lenders of the airline take a large debt haircut, Antonio Guizzetti, one of the advisors to Synergy Aerospace said earlier last week.
