Jet lenders to seek bids for stake sale on April 6
Lenders to Jet Airways said on Thursday that they intend to pursue a plan for a stake sale in the airline, but will look for other options if the efforts do not result in an ‘acceptable outcome’.
In a statement issued after a meeting today, the lenders said that they “intend to pursue the bank-led resolution plan for the sale of a stake in the company in a time-bound manner under the present legal and regulatory framework and intend to invite expressions of interest (EoI)”.
The EoIs will be invited on April 6, and will need to be submitted by April 9, the statement said, adding that “the lenders will consider other options if the stake sale plans do not yield good results.
