Little scope for Jet revival: Govt officials

NEW DELHI: The government sees little hope of a bidder emerging for debt-laden Jet Airways Ltd, two senior Finance Ministry officials said, even as thousands of employees plead with the government for a rescue.

Parties that had initially expressed interest in Jet, which is saddled with roughly $1.2 billion of debt, have so far failed to make firm bids to bail it out, increasing the odds that it could soon face bankruptcy proceedings.