{"id":268478,"date":"2019-04-08T07:05:48","date_gmt":"2019-04-08T07:05:48","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=268478"},"modified":"2019-04-08T07:13:47","modified_gmt":"2019-04-08T07:13:47","slug":"sbi-seeks-bids-for-cash-strapped-jet-airways","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sbi-seeks-bids-for-cash-strapped-jet-airways\/","title":{"rendered":"SBI seeks bids for cash-strapped Jet Airways"},"content":{"rendered":"<p>State Bank of India (SBI) Monday invited bids for stake sale in ailing Jet Airways.<\/p>\n<p>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 on the bid process.<\/p>\n<p>The bids have to be submitted by April 10.<\/p>\n<p>The lenders&#8217; consortium has taken control of the airline under a debt recast plan.<\/p>\n<p>Under the debt resolution plan approved by the Jet Airways&#8217; board on March 25, lenders have taken a majority stake in the airline and are set to infuse Rs 1,500 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State Bank of India (SBI) Monday invited bids for stake sale in ailing 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 on the bid process. The bids have to be submitted by April 10. The lenders&#8217; consortium has taken control of the airline under a debt recast plan. Under the debt resolution plan approved by the Jet Airways&#8217; board on March [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[212,130,144],"tags":[],"class_list":["post-268478","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-pioneer","category-newspapers","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/268478","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=268478"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/268478\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=268478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=268478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=268478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}