Lenders to Jet Airways have not received any formal expression of interest from any investor at close of first day of bidding process. However, according to sources close to the sale process, Etihad Airways, along with National Investment and Infrastructure Fund (NIIF), could emerge the top contender for acquiring majority stake in the debt-ridden airline.
Private equity players, including KKR, TPG Capital, and international airlineLufthansa have reached out to people involved in the sale process seeking clarity on the bid document released by lenders on Monday.
A top source close to the lenders said that Abu Dhabi-based Etihad Airways would be “interested” in bidding for a stake in Jet Airways, but “no expression of interest (EoI) has been received from any potential investor so far.”
