{"id":269269,"date":"2019-04-16T06:54:31","date_gmt":"2019-04-16T06:54:31","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=269269"},"modified":"2019-04-16T06:54:31","modified_gmt":"2019-04-16T06:54:31","slug":"lenders-not-likely-to-let-naresh-goyal-board-jet-airways","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/lenders-not-likely-to-let-naresh-goyal-board-jet-airways\/","title":{"rendered":"Lenders not likely to let Naresh Goyal board Jet Airways"},"content":{"rendered":"<p>MUMBAI: Lenders to Jet Airways (India) Ltd are unlikely to consider an initial bid from Naresh Goyal, the airline\u2019s ousted founder, to regain control of the debt-laden carrier, two people directly familiar with the bidding process said.<\/p>\n<p>Goyal was allowed to submit an expression of interest (EoI) on the condition that he bid as part of a consortium with other investors where he would hold a minority stake, the people cited above said, requesting anonymity. Those conditions have not been met in his bid submitted on Friday. A final decision on the bid would be conveyed to Goyal after considering legal opinion, they said.<\/p>\n<p>In March, Goyal was forced to cede control of the airline he had founded more than two decades ago, after Jet Airways, saddled with over $1 billion in debt, defaulted on payments to banks and aircraft lessors. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Lenders to Jet Airways (India) Ltd are unlikely to consider an initial bid from Naresh Goyal, the airline\u2019s ousted founder, to regain control of the debt-laden carrier, two people directly familiar with the bidding process said. Goyal was allowed to submit an expression of interest (EoI) on the condition that he bid as part of a consortium with other investors where he would hold a minority stake, the people cited above said, requesting anonymity. Those conditions have not been met in his bid submitted on Friday. A final decision on the bid would be conveyed to Goyal after considering [&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-269269","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\/269269","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=269269"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/269269\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=269269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=269269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=269269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}