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Thursday, 18 April, 2019, 09 : 00 AM [IST]
Lenders “reasonably hopeful” of success in Jet’s bid process
TBM Staff | Mumbai

With Jet Airways shutting down operations having failed to acquire immediate funds from the banks, lenders are hopeful that the bid process is likely to be successful having issued documents in this regard. In a statement, the lenders have said, “The lenders after due deliberations decided that the best way forward for the survival of Jet Airways is to get the binding bids from potential investors who have expressed EOI and have been issued bid documents on April 16. Lenders are reasonably hopeful that the bid process is likely to be successful in determining fair value of the enterprise in a transparent manner.”

 
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