Jet lenders seek final offers by Wednesday
Mumbai/New Delhi: Lenders to Jet Airways (India) Ltd have set Wednesday as the final deadline for two shortlisted bidders to submit revised offers to acquire the bankrupt airline, two people said, requesting anonymity.
The decision was taken at a meeting of the Committee of Creditors (CoC) led by State Bank of India on Monday which found the initial bids as unsatisfactory. The revised offers will be taken up next week when the CoC meets again, said the first person cited above. “Negotiations with bidders are on and we are hoping they improve their offer,” the person said.
Jet Airways had received bids from two consortiums—one comprising UK-based Kalrock Capital and UAE-based entrepreneur Murari Lal Jalan, and the other by Haryana-based Flight Simulation Technique Centre, Mumbai-based Big Charter and Abu Dhabi’s Imperial Capital Investments LLC. The carrier was admitted to the National Company Law Tribunal (NCLT) in June 2019.
