News / No major potential buyer yet, Jet bidding ends today

The New Indian Express : Apr 10, 2019, 10:04 AM

Domestic carrier Jet Airways is likely to head for insolvency proceedings, as the deadline for submission of Expression of Interest (EoI) for the troubled airline will come to an end by 6 pm on Wednesday and the bids have attracted EoIs from no major potential buyer as yet. The stake sale process for Jet began on Monday, two days after its scheduled opening. TPG Capital and current minority stakeholder Etihad Airways