{"id":279803,"date":"2019-06-29T06:58:53","date_gmt":"2019-06-29T06:58:53","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=279803"},"modified":"2019-06-29T06:58:53","modified_gmt":"2019-06-29T06:58:53","slug":"jet-staff-get-on-board-a-new-partner-to-bid-for-bankrupt-airline","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jet-staff-get-on-board-a-new-partner-to-bid-for-bankrupt-airline\/","title":{"rendered":"Jet staff get on board a new partner to bid for bankrupt airline"},"content":{"rendered":"<p>NEW DELHI: Employees of Jet Airways (India) Ltd and London-based investor Adi Partners LLP on Friday said they will jointly bid for a 75% stake in the debt-laden airline, which is facing bankruptcy proceedings.<\/p>\n<p>The platform, comprising Adi Partners and a Jet employees\u2019 consortium, will explore taking control of the airline through the National Company Law Tribunal (NCLT) process, and then seek to revive it through better governance and operational efficiency. It will also consider reducing the airline\u2019s fleet size from the current 110 aircraft.<\/p>\n<p>Sanjay Viswanathan, a non-resident Indian investor and chairman of Adi Partners\u2014 which was set up in 2010 in London\u2014said he hoped to make a formal bid by the end of this month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Employees of Jet Airways (India) Ltd and London-based investor Adi Partners LLP on Friday said they will jointly bid for a 75% stake in the debt-laden airline, which is facing bankruptcy proceedings. The platform, comprising Adi Partners and a Jet employees\u2019 consortium, will explore taking control of the airline through the National Company Law Tribunal (NCLT) process, and then seek to revive it through better governance and operational efficiency. It will also consider reducing the airline\u2019s fleet size from the current 110 aircraft. Sanjay Viswanathan, a non-resident Indian investor and chairman of Adi Partners\u2014 which was set up [&hellip;]<\/p>\n","protected":false},"author":39,"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-279803","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\/279803","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=279803"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/279803\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=279803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=279803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=279803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}