No promising buyers: Jet Airways lenders working to monetise assets

Two entities expressed interest in the grounded Jet Airways till Wednesday, the last day for submitting expressions of interest (EoIs). While the Colombian Synergy Group is one, the other is a fund. The Hinduja Group, which was understood to be interested in the carrier, has not submitted an EoI so far, sources told FE.

Meanwhile, lenders have begun the process of asset monetisation in the absence of a promising bidder. The committee of creditors (CoC) to Jet Airways on Monday passed a resolution to sell one aircraft and two erstwhile slots of Jet Airways at the Schiphol airport to KLM Royal Dutch Airlines.