{"id":272561,"date":"2019-05-03T04:58:10","date_gmt":"2019-05-03T04:58:10","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=272561"},"modified":"2019-05-03T04:58:10","modified_gmt":"2019-05-03T04:58:10","slug":"no-takers-for-jet-airways-yet-staff-consider-bankruptcy-proceedings","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/no-takers-for-jet-airways-yet-staff-consider-bankruptcy-proceedings\/","title":{"rendered":"No takers for Jet Airways yet, staff consider bankruptcy proceedings"},"content":{"rendered":"<p>Potential bidders for Jet Airways Ltd have so far failed to show any firm interest in bailing out the struggling airline, a source involved in the matter said, increasing the likelihood that the company will face bankruptcy proceedings. <\/p>\n<p>Jet, once India&#8217;s largest private airline, was forced to stop all flight operations on April 17 after its lenders declined to extend more funds to keep the carrier going. <\/p>\n<p>&#8220;Companies that had submitted initial expressions of interest are not following up with binding bids,&#8221; said the source. <\/p>\n<p>A second source involved in the process said bidders had until May 10 to come up with binding offers, a few days later than the April 30 date indicated by lead lender State Bank of India (SBI) last month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Potential bidders for Jet Airways Ltd have so far failed to show any firm interest in bailing out the struggling airline, a source involved in the matter said, increasing the likelihood that the company will face bankruptcy proceedings. Jet, once India&#8217;s largest private airline, was forced to stop all flight operations on April 17 after its lenders declined to extend more funds to keep the carrier going. &#8220;Companies that had submitted initial expressions of interest are not following up with binding bids,&#8221; said the source. A second source involved in the process said bidders had until May 10 to come [&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":[135,167,130],"tags":[],"class_list":["post-272561","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/272561","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=272561"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/272561\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=272561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=272561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=272561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}