Jet lenders to take a call on fresh EoIs, voting to conclude by May 18

If lenders favour fresh EoIs, this will be the third time they would have called for EoIs. No positive result in previous two attempts as no party came forward with a concrete plan

Lenders of beleaguered Jet Airways will vote on calling for fresh expression of interest (EoI) for the defunct airline. The voting will conclude by May 18. If lenders decide in favour of fresh EoIs, this will be the third time they would have called for EoIs for Jet. The last two attempts have not yielded any positive result as none of the interested parties came forward with a concrete plan.

The criteria for bidding has also been revised. Bidders will need to have a net worth or assets under management of Rs 500 crore to be able to participate. The