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Jet Airways stake sale: Lenders to invite fresh expression of interest

The committee of creditors (CoC) of Jet is likely to come out with a revised EoI for the stake sale in the defunct airline on Wednesday, said a source.

Jet had shut its operations in April 2019 and was taken to the insolvency court two months after by its lenders.
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The last date for submission of bid is likely to be May 27

Agencies Mumbai
Jet Airways lenders’ have decided to invite fresh expression of interest (EoI) for selling a stake in the bankrupt airline, sources said on Tuesday.

The committee of creditors (CoC) of Jet is likely to come out with a revised EoI for the stake sale in the defunct airline on Wednesday, said a source.

Last week, the CoC had met to discuss the way forward for the airline. It was the 11th meeting of CoC.    

“The committee of creditors has given its approval to the resolution professional (RP) to float a fresh EoI for stake sale in the grounded Jet