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Beleaguered Jet Airways' lenders to invite bids for stake sale on April 6

The bids would be invited on April 6 and the last date for submission would be April 9, the lenders said in a statement

Press Trust of India  |  Mumbai 

Jet airways
Jet Airways

Debt-laden Jet Airways' Thursday said they would invite for selling the stake in the airline on April 6 as part of a time-bound resolution plan.

The consortium of lenders, led by (SBI), took stock of the current situation at cash-strapped and decided on the timeline for the stake sale.

The would be invited on April 6 and the last date for submission would be April 9, the said in a statement. "The are cognizant that the outcome of the efforts of the lenders will depend on the interest shown by the parties on the sale of a stake in the company," it said.

While all efforts would be made for the stake sale, the lenders said other options "may be considered" should these efforts not result in an acceptable outcome.

As part of the debt resolution plan, lenders have taken control of the ailing airline.

First Published: Thu, April 04 2019. 22:32 IST
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