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  Business   Companies  11 Apr 2019  Deadline for Jet bids extended to Friday

Deadline for Jet bids extended to Friday

THE ASIAN AGE. | ASHWIN J PUNNEN
Published : Apr 11, 2019, 1:04 am IST
Updated : Apr 11, 2019, 1:04 am IST

The deadline was to end on Wednesday.

Sources said several investors have made enquiries about the stake sale.
 Sources said several investors have made enquiries about the stake sale.

Mumbai: Lenders of Jet Airways on Wednesday extended the deadline for submission of initial bids for stake sale in the airline to April 12. The deadline was to end on Wednesday.

Earlier in the day, SBI Capital Markets issued a set of clarifications related to the expression of interest (EoI) document, including that bidders in a consortium need to furnish solvency certificates individually.

 

In a consortium, each member has to submit solvency certificate, which is a proof of an entity's financial stability.

Sources said several investors have made enquiries about the stake sale.

The airline is facing a though time, as IOC has once again halted fuel supplies to it for breaching the credit limit agreed upon.

Meanwhile, aviation regulator DGCA announced that it de-registered seven Boeing 737-800 aircraft of Jet Airways on Wednesday, allowing its lessors to take the planes out of the country so that it can be leased to any other airlines.

Tags: jet airways, sbi capital markets