With no viable offers in hand, Jet lenders turn to unsolicited bids
The scramble to save Jet Airways has led its lenders to explore unsolicited offers made by multiple entities, including UK-based entrepreneur Jason Unsworth, Mumbai-based Darwin Platform Group, London-based AdiGro Aviation and Russian aviation professional Oleg Evdokimov.
It is also considering a takeover proposal from a group of minority shareholders and Jet employees. Under the plan,called the Revival of Jet Airways (ROJA), the grouping has engaged with over 2,300 Jet Airways employees. A survey conducted among 1,354 employees revealed that 70 per cent were willing to take loans equal to 6-18 months’ salary to save Jet Airways. Many even offered to write off their salary dues. In return, they wanted a 51 per cent stake in the airline.
