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Jet Airways creditors' claims balloon to Rs 30,558 cr as revival hopes fade

So far as the operational creditors are concerned (excluding the employees), the RP has admitted Rs 3,321 crore of claims

Subrata Panda Mumbai

Premium

Only Jet Privilege’s claims have been admitted while Rs 230 crore claims of the general sales agent have been rejected

4 min read Last Updated : Aug 17 2019 | 1:55 AM IST

Claims submitted by creditors against Jet Airways have shot up from Rs 24,000 crore a month ago to Rs 30,558 crore now, making hopes of any revival of the defunct airline dimmer.

This comes after Etihad Airways, which holds 24 per cent in Jet, said on Monday that it did not submit an expression of interest (EoI) for the airline due to unresolved issues pertaining to its liabilities. Jet, so far, has received two EoIs, one from Panama-based Avantulo Group and the other from Russian fund Treasury RA Creator. Anil Agarwal’s Volcan Investments had submitted an EoI last Saturday, but pulled out of the race two days later.

Last month, Resolution Professional (RP) Ashish Chhawchharia had received the first set of claims to the tune of Rs 24,000 crore. The RP had admitted 33 claims from banks worth Rs 8,462 crore, and was verifying Rs 15,044-crore claims from operational creditors and staff.