A day after Jet Airways suspended all its flights after running out of money, lenders to the carrier on Thursday said they were “reasonably hopeful” that bidding process for the airline would end successfully. Lenders led by the State Bank of India had declined to extend more funds to Jet, forcing it to suspend all its flights.
“The lenders after due deliberations decided that the best way forward for the survival of Jet Airways is to get the binding bids from potential investors who have expressed EOI (Expression of Interest) and have been issued bid documents on April 16,” a statement by lenders said.
A consortium of 26 lenders led by the SBI, with 51 per cent stake in the debt-trapped airline, has invited bids from potential suitors.
