Mumbai: Hinting at job losses going forward, grounded carrier Jet AirwaysNSE -26.26 % chief executive Vinay Dube Wednesday said the airline does not have an “answer” at present on the fate of its 20,000-odd employees during the stake sale process.
The SBI-led consortium of lenders has offered prospective bidders ownership of the airline anywhere between 31.2 percent and 75 for which it had run an online bidding process between April 8 and 12 and had shortlisted four – Etihad Airways, NIIF, private equity funds TPG Capital and Indigo Partners-who can submit the final bids by May 10.
