Synergy’s interest in Jet makes creditors extend bid deadline

MUMBAI/NEW DELHI : Lenders to Jet Airways (India) Ltd have extended until Saturday the deadline for submitting expressions of interest (EoIs) to invest in the grounded airline to accommodate a potential bidder, which submitted an EoI after the expiry of the deadline, a person with direct knowledge of the matter said.

“The deadline has been extended to 31 August after a foreign conglomerate showed interest to invest in the airline post the deadline,” the person said on condition of anonymity.

South American conglomerate Synergy Group Corp., which owns a majority stake in Colombian carrier Avianca Holdings, the second-largest airline in South America, has shown preliminary interest in Jet Airways, according to media reports.