The deadline to submit a fresh expression of interest (EoI) for Jet Airways ends on Thursday (today). This will be the fourth attempt by Jet Airways’ lenders to resurrect the airline.
In the previous rounds, Prudent ARC, a consortium of Enso Group and Russia-based Far East Development Fund and South American Conglomerate, Synergy group were within the race to bid for the debt-strapped airline but they failed to submit a plan for Jet.
Given that the aviation industry globally is struggling to stay afloat because of the Covid-19 pandemic, the net worth threshold for a potential buyer has been reduced from Rs 1000 crore to Rs 500 crore.
