Lenders extend Jet Airways sale deadline by a week to August 10

The lenders to the defunct Jet Airways Saturday decided to extend the deadline for submitting expression of interest by a week to August 10. Late last month, the resolution professional Ashish Chhawchharia had floated EoIs for selling stake in the airline that stopped flying mid-April. Today was the deadline putting in the EoIs and have so far received preliminary interest from four parties.

“On the basis of the requests received from credible interested resolution applicants for some additional time, the deadline for submission of EoI is been provisionally extended by a week to August 10,” the lenders said in a regulatory filing. The extension is to ensure the objectives of the IBC are achieved and also to maximise the value of assets of the debtor, it said.