/ Deadline for Jet Airways bidders extended to April 12; binding bids by April 30

The New Indian Express : Apr 11, 2019, 09:47 AM

Lenders of Jet Airways Wednesday extended the deadline for submission of initial bids for stake purchase in ailing airline to April 12. Cash-strapped Jet Airways has delayed salaries to pilots, defaulted on loan repayments as well as payments to aircraft lessors. The qualified bidders will be expected to submit their respective binding bid(s) latest by April 30, 2019 subject to the terms set out under bid documents.