Lenders of beleaguered Jet Airways will vote on calling for fresh expression of interest (EoI) for the defunct airline. The voting will conclude by May 18. If lenders decide in favour of fresh EoIs, this will be the third time they would have called for EoIs for Jet. The last two attempts have not yielded any positive result as none of the interested parties came forward with a concrete plan.
The criteria for bidding has also been revised. Bidders will need to have a net worth or assets under management of Rs 500 crore to be able to participate. The previous criteria was of Rs 1,000 crore.
