Lenders shortlist duo to save Jet Airways

The lenders and the resolution professional (RP) of Jet Airways are understood to have shortlisted two bidders for the airline, which suspended operations in April.

Sources said the creditors have picked up Synergy Group Corp and Russian fund Treasury RA Creator who will now have to submit their respective resolution plans. These plans have to be submitted by October 14.

According to the invitation for expression of interest (EoI) released by the banks earlier, the final list of prospective resolution applicants will be issued by September 12.

Though Avantulo Group had also thrown its hat into the ring, the Panama-based investment firm did not make it to the next round.