US company, London firm backing Naresh Goyal’s bid to reboard Jet Airways
MUMBAI: A Delaware entity, Future Trend Capital, is understood to be backing the offer by Naresh Goyal’s Jetair to invest in Jet AirwaysNSE -3.36 %, the distressed airline that is facing a severe cash crunch, employee anger over delayed salaries and grounded planes.
Jetair is the general sales agency (GSA) that birthed Jet Airways.
On Friday, the bid from the Future Trend-Jetair consortium came in at 6:08 pm, eight minutes after the deadline for submitting expressions of interest (EoIs). Jet’s lenders may weigh this factor, among others, while selecting investors for the airline that is desperately seeking fresh capital.
