{"id":268397,"date":"2019-04-08T05:18:42","date_gmt":"2019-04-08T05:18:42","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=268397"},"modified":"2019-04-08T05:18:42","modified_gmt":"2019-04-08T05:18:42","slug":"bidding-for-jet-airways-starts-sbi-invites-interest","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bidding-for-jet-airways-starts-sbi-invites-interest\/","title":{"rendered":"Bidding for Jet Airways starts, SBI invites interest"},"content":{"rendered":"<p>State Bank of India (SBI) today invited bids for stake sale in struggling carrier Jet Airways. SBI, which is the lead lender of a consortium of domestic lenders that has extended loans to Jet Airways, is looking for &#8220;change in control and management&#8221; of the carrier, according to a public notice.<\/p>\n<p>SBI Capital Markets would be assisting and advising the lenders in the bid process. The SBI-led consortium of 26 lenders now has the management control of the full-service carrier under a debt-recast plan. SBI is the lead lender to Jet Airways, which has a debt burden of \u20b98,000 crore. The bids have to be submitted by 6 pm on April 10.<\/p>\n<p>The lenders&#8217; consortium has taken control of the airline under a debt recast plan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State Bank of India (SBI) today invited bids for stake sale in struggling carrier Jet Airways. SBI, which is the lead lender of a consortium of domestic lenders that has extended loans to Jet Airways, is looking for &#8220;change in control and management&#8221; of the carrier, according to a public notice. SBI Capital Markets would be assisting and advising the lenders in the bid process. The SBI-led consortium of 26 lenders now has the management control of the full-service carrier under a debt-recast plan. SBI is the lead lender to Jet Airways, which has a debt burden of \u20b98,000 crore. [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-268397","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/268397","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=268397"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/268397\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=268397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=268397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=268397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}