Lenders set two-week deadline to revive Jet Airways

MUMBAI: Lenders to Jet Airways (India) Ltd are expected to take a final decision on the fate of the grounded airline in the next two weeks as they hunt for a new domestic investor, before taking up the last option of a bankruptcy filing.

With Etihad Airways willing to invest just enough to maintain its shareholding of 24% and the National Infrastructure Investment Fund (NIIF) ready to commit only if a new investor enters, the lenders have initiated the search for a third investor, two people familiar with the matter said.