More trouble for Jet Airways: Lenders order second forensic audit

The consortium of lenders to Jet Airways has ordered a second forensic audit into the airline’s financials to trace the money trail associated with some of the company’s dealings, sources told FE. “For determining the value of the airline, lenders have been asked for financial statements of some deals made by the company, such as the sale of certain assets and the value of intangibles. Banks do not have all of these details,” one of the people said.

Meanwhile, the Colombian Synergy Group, which was the only party interested in the beleaguered Jet Airways, has not yet put in a bid for the airline. The group, which had been given time till November 15, has sought time till February to evaluate their position, two people aware of the developments said.